17. Flagman Enterprises manufactures a product that uses 2 ounces of Chemical A, which costs

$2.50 per ounce, 4 ounces of Chemical B, which costs $4 per ounce, and packaging that costs $0.50 per unit. Direct labor works on each unit for 0.5 hour, and is paid $25 per hour.

Manufacturing overhead is applied at a rate of 40% of direct labor costs. Ending finished goods inventory is budgeted at 4,700 units.

Prepare an ending finished goods inventory budget for the second quarter.