Solved by verified expert :Thorny
Balance Sheet, December 31
Construct worksheets for: January, February
unit cost to produce one Gizmo (Exclusive of Depreciation)
Retained Earnings Statement
one column for each month and one for the quarter total.
FIFO for valuing inventories.
Round budget calcuations (excepting unit
costs) to the nearest dollar (no decimal places).
Sales and raw materials purchases budgets
should include both units and dollars.
an appropriate title on each worksheet
one row below the title and place the
name of the company. “Thorny Corp.” should be changed to
“YourLastName Corp.” in all worksheets.