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Requirement 4. Fropare Sharpes cost of goods sold budget for th first quarter of 2019 Before preparing the cost of goods solDecember 31, 2018 X Assets More Info Current Assets. harpes cost of goods sold budget for the first quarter of 2019 Cash 25

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Youth Bat Adult Bat
a Direct Material Required per bat (ounces) 52 54
b Direct Material Cost per ounce $            0.20 $              0.20
c Direct Material Cost per bat (axb) $          10.40 $            10.80
d Direct Labor hours per unit 0.2 0.2
e Direct Labor Cost per hour $          20.00 $            20.00
f Direct Labor Cost per bat (dxe) $            4.00 $              4.00
g Variable Manufacturing Overhead per bat $            0.90 $              0.90
h Fixed Manufacturing Overhead per bat $            1.30 $              1.30
i Cost of Goods Sold per unit (c+f+g+h) $          16.60 $            17.00


Fixed Manufacturing Overhead per unit = ($1100 + 3762) / 3740 i.e. total production = $1.30 per unit

Cost of Goods Sold Budget
Youth Bat Adult Bat Total
Cost of Goods Sold per unit (c+f+g+h) $          16.60 $            17.00
Budgeted Bats produced and sold 500 2850
Budgeted Cost of Goods Produced and Sold $    8,300.00 $   48,450.00 $   56,750.00
Add: Beginning Inventory of Finished Goods $   13,950.00
Total Cost of Goods Sold $   70,700.00

Budgeted Bats produced and sold = Bats Produced - Ending inventory

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