Prepare a Sales Budget, Purchases Budget and Forecasted Income Statement for 2022 third quarter of Maryland Enterprises. Using the ff. data: June July August September Units to be Sold Selling Price Unit Cost 1,000 1,250 1,500 1,350 P190 P120 Beginning Inv for July 100 units Desired Ending Inventory Selling Expenses Administrative Expenses 10% of Last month Unit Sales P25 per forecasted sales in units P10,000 per month

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare a Sales Budget, Purchases Budget and Forecasted Income Statement for 2022 third
quarter of Maryland Enterprises. Using the ff. data:
June
July
August
September
Units to be Sold
1,000
1,250
1,500
1,350
Selling Price
P190
Unit Cost
P120
Beginning Inv for July
100 units
Desired Ending Inventory
10% of Last month Unit Sales
ling Expenses
P25 per forecasted sales in units
Administrative Expenses
P10,000 per month
Transcribed Image Text:Prepare a Sales Budget, Purchases Budget and Forecasted Income Statement for 2022 third quarter of Maryland Enterprises. Using the ff. data: June July August September Units to be Sold 1,000 1,250 1,500 1,350 Selling Price P190 Unit Cost P120 Beginning Inv for July 100 units Desired Ending Inventory 10% of Last month Unit Sales ling Expenses P25 per forecasted sales in units Administrative Expenses P10,000 per month
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