Thorny Corp. Balance Sheet, December 31

| August 14, 2017

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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