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Fortune, Inc., is preparing its master budget for the first quarter. .pdf
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Fortune, Inc., is preparing its master budget for the first quarter. .pdf

1 Apr 2023••
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Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 45,000 for January, 55,000 for February, and 50,000 for March. Cost of goods sold is $14 per unit. Other expense information for the first quarter follows. Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.).

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Fortune, Inc., is preparing its master budget for the first quarter. .pdf

  1. Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 45,000 for January, 55,000 for February, and 50,000 for March. Cost of goods sold is $14 per unit. Other expense information for the first quarter follows. Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar.)
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