4 Show Me HowCalculator eBook Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6 inventory is 38,900 square yards. Paper costs s0.40 per square yard , paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per hour t goods sold budget for Daybook Inc. using the information above. Assume the estimated inventories on January 1, 20Y6, for inventories on December 31, 20Y6, for finished goods and work in process were $28,000 and $16,500, respectively. Also assume the desired finished goods and work in process were $30,000 and $14,300, respectively. Factory overhead was calculations to nearest cent, if required. budgeted at $214,600. Round your interim DAYBOOK INC Cost of Goods Sold Budget For the Year Ending December 31, 20Y6 pred maters Direct materials Cost of direct materials placed in production Total work in process during penod Check My Work 2 more Check My Work uses remaining Previous Calculator Show Me How eBook xercises Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards inventory is 38,900 square yards. Paper costs s0.40 per square yard Each younal requires assembly. Assume that eight minutes are required to assemble each journal. Ass Prepare a cost of goods sold budget for Daybook Inc. using the information above. Assume the estimate finished goods and work in process were $28,000 and $16,500, finished goods and work in process were $30,000 and $14,300, respectively. Also assume the desired in respectively. Factory overhead was budg calculations to nearest cent, if required. DAYBOOK INC Cost of Goods Sold Budget Direct Direct maberias: Cost of goods manufactured Direct materials inventory, January 1, 20Y6 Factory overhead Finished goods inventory, December 31, 20Y6 Total work in process during period Wark in process inventory,January 1, 206 Total work in process during period 2 more Check My Work uses