Help Saved The management of Zigby Manufacturing prepared the following estimate

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Help Saved The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 ZIGBY MANUF ACTURING Estimated Balance Sheet March 31, 2017 Assets $ 56,e00 341,256 Cash Accounts receivable Rau materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets 84,200 819,130 632,900 (166,009) 466,000 $1,285,130 Liabilities and Equity $ 189,800 28,000 Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total 1iabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 217,800 516,06 733,800 351,000 200,338 551,330 $ 1,285,130 To prepare a master budget for April, May, and June of 2017, management gathers the following information a Sales for March total 21,000 units Forecasted sales in units are as follows. April, 21,000, May 15,800 June, 21,600, and July. 21,000 b Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. Sales of 256,000 units are forecasted for the entire year The product's selling price is $25.00 per unit and its total product cost is $2010 per unit The March 31 raw materials inventory is 4,210 units, which complies with the policy. The expected June 30 ending raw materials invent nrv is 5 600linits Raw materials cost $20 ner unit Fach finished i init renurPC?En ' rits of raw materials ?Prey 10f 1H1 Next

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Sales Budget - Zigby Manufacturing Particulars April May June Total Sales units 21000 15800 21600 58400 Selling price per unit $25.00 $25.00 $25.00 $25.00 Projected Sales Revenue $525,000.00 $395,000.00 $540,000.00 $1,460,000.00

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