Solved by verified expert :Thorny
Corp.
Balance Sheet, December 31
Construct worksheets for: January, February
and March
Sales
Budget
Production
Budget
Raw
Materials Purchases
Cash
Budget
Projected
unit cost to produce one Gizmo (Exclusive of Depreciation)
Budgeted
Income Statement
Budgeted
Retained Earnings Statement
Budgeted
Balance Sheet
Use
one column for each month and one for the quarter total.
Assume
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.
Place
an appropriate title on each worksheet
Skip
one row below the title and place the
name of the company. “Thorny Corp.” should be changed to
“YourLastName Corp.” in all worksheets.
