Parkway Company is preparing its master budget for 2022. Relevant data about its sales budgets
are as follows.
Sales for the year are expected to total 1,000,000 units. Quarterly sales are 20%, 25%, 25%, and
30%, respectively. The sales price is expected to be $40 per unit for the first three quarters and
$45 per unit beginning in the fourth quarter.
Prepare the sales budget by quarters for 2022.
PARKWAY COMPANY
Sales Budget
For the Year Ending December 31, 2022
Expected
Unit
Sales
Unit
Selling
Price
Total
Sales
1
2
Quarter
3
4