Answer the Following Question(s)using the Information Below

Multiple Choice

Answer the following question(s) using the information below.Furniture Inc.estimates the following number of mattress sales for the first four months of 2019:
Finished goods inventory at the end of December 2018 is 1,500 units.Target ending finished goods inventory is 30% of the next month's sales.
-The budgeting process generally concludes with the preparation of the

A) cash budget.
B) selling expense budget.
C) budgeted financial statements.
D) research and development budget.
E) production budget.