Thorny Corp. Balance Sheet, December 31

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Question # 00026677 Posted By: jia_andy Updated on: 09/25/2014 07:10 AM Due on: 01/31/2015

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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.

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score 5 · Accepted Answer · 09/25/2014 07:11 AM

Solution: IS 3315-Thorny Corp. Balance Sheet, December 31

Tutorial # 00026106 Posted By: jia_andy Posted on: 09/25/2014 07:11 AM

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