Selected information concerning sales and production for Moore Company for July, 2016, are summarized as follows:
a. Estimated sales:

b. Estimate inventories, July 1, 2016:

There was not work-in-process inventories estimated for July 1, 2016
c. Desired inventories at July 1, 2016:

There was not work-in-process inventories estimated for July 31, 2016
d. Direct material used in production:

e. Unit cost for direct materials:
Material A: $4.00 per lb.
Material B: $2.00 per lb.
f. Direct labor requirements:

g. Department 1 Department 2
Direct labor rate $12.00 per hr $16.00 per hr
h. Estimated factory overhead costs for July:

INSTRUCTIONS:
1. Prepare sales budget for July
2. Prepare a production budget for July
3. Prepare a direct material purchases budget for July
4. Prepare a direct labor cost budget for July
5. Prepare the cost of goods manufactured statement for July
6. Prepare ca cost of goods sold budget for July

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Product K: 40,000 units at $30 per unit 20,000 units at $65 per unit Product L: Material A: Material B: 4,0001bs. 3,5001bs. Product K: 3,000 units at S17 per unit Product L: 2,700 units at $35 per unit