Ending Finished Goods Inventory Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.70 Direct labor 0.45 Variable overhead 0.80 Fixed overhead 1.80 Total unit cost $4.75 For the coming year, Play-Disc expects to make 350,000 plastic discs, and to sell 338,000 of them. Budgeted beginning inventory in units is 19,000 with unit cost of $4.75. (There are no beginning or ending inventories of work in process.) Required: Question Content Area 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-DiscEnding Finished Goods Inventory BudgetFor the Coming Year Unit costs: $- Select - - Select - Overhead: - Select - - Select - Total cost per unit $fill in the blank c3abb3ff4ff4040_9 Total ending inventory cost $fill in the blank c3abb3ff4ff4040_10 Question Content Area 2. What if sales increased to 356,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory. Finished goods inventory has to $fill in the blank 7ca07ff8bf9bfdb_2

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Content Area

1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent.

Play-DiscEnding Finished Goods Inventory BudgetFor the Coming Year

Unit costs:
	$- Select -
	- Select -
Overhead:
	- Select -
	- Select -
Total cost per unit	$fill in the blank c3abb3ff4ff4040_9
Total ending inventory cost	$fill in the blank c3abb3ff4ff4040_10

Question Content Area

2. What if sales increased to 356,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory.
Finished goods inventory has

to $fill in the blank 7ca07ff8bf9bfdb_2

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