Answer questions 4-10 using the information below: Fullerton, Inc. makes and sells a single snowboard model, the Titan. In the fall of 2019, Fullerton gathered the following data to prepare budgets for 2020: Materials and Labor Requirements Wood Fiberglass Direct labor 9 board feet (b.f.) per snowboard 10 yards per snowboard 5 hours per snowboard CEO expects to sell 2,900 snowboards during 2020 at an estimated retail price of $650 per board. Further, the CEO expects 2020 beginning inventory of 500 snowboards and would like to end 2020 with 200 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2020 is $374.80. Data pertaining to the direct materials inventories are as follows: Wood Fiberglass Beginning Inventory, 2020 2,040 b.f. Ending Inventory, 2020 1,540 b.f. 1,040 yards 2,040 yards Variable manufacturing overhead is $7 per direct labor-hour. There are also $81,000 in fixed manufacturing overhead cots budgeted for 2020. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours. Other data include the following: Wood Fiberglass 2019 Unit Price $32.00 per b.f. 2020 Unit Price $34.00 per b.f. $9 per yard $29.00 per hour Direct labor $8 per yard $28.00 per hour Assume Fullerton uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations.. What are total finished good units to be produced? 4) A) 2,600 B) 3,200 C) 4,110 D) 4,700 What is total cost of direct materials to be used? A) $989,250 $1,024,480 $1,262,080 $3,714,250 6) What is total cost of direct materials to be purchased? A) $1,021,600 mi 01-noitesuportam B) $1,259,200 C) $3,352,550 D) $3,714,550 7) A) What is the total direct manufacturing labor costs budget? $377,000 B) $464,000 C) $978,180 D) $1,006,950 8) What are total manufacturing overhead costs? 10) A) $172,000 B) $193,000 C) $486,280 D) $604,170 What is the cost of target ending inventories of finished goods? A) $121,430 $789,210 B) $978,300 $1,167,300 What is the budgeted cost of goods sold for 2020? $1,639,450 $2,582,000 $3,233,520 $4,319,070 Answer questions 4-10 using the information below: Fullerton, Inc. makes and sells a single snowboard model, the Titan. In the fall of 2019, Fullerton gathered the following data to prepare budgets for 2020: Materials and Labor Requirements Wood Fiberglass Direct labor 9 board feet (b.f.) per snowboard 10 yards per snowboard 5 hours per snowboard CEO expects to sell 2,900 snowboards during 2020 at an estimated retail price of $650 per board. Further, the CEO expects 2020 beginning inventory of 500 snowboards and would like to end 2020 with 200 snowboards in stock. The inventoriable unit cost for beginning finished goods inventory on January 1, 2020 is $374.80. Data pertaining to the direct materials inventories are as follows: Wood Fiberglass Beginning Inventory, 2020 2,040 b.f. Ending Inventory, 2020 1,540 b.f. 1,040 yards 2,040 yards Variable manufacturing overhead is $7 per direct labor-hour. There are also $81,000 in fixed manufacturing overhead cots budgeted for 2020. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours. Other data include the following: Wood Fiberglass 2019 Unit Price $32.00 per b.f. 2020 Unit Price $34.00 per b.f. $9 per yard $29.00 per hour Direct labor $8 per yard $28.00 per hour Assume Fullerton uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations.. What are total finished good units to be produced? 4) A) 2,600 B) 3,200 C) 4,110 D) 4,700 What is total cost of direct materials to be used? A) $989,250 $1,024,480 $1,262,080 $3,714,250 6) What is total cost of direct materials to be purchased? A) $1,021,600 mi 01-noitesuportam B) $1,259,200 C) $3,352,550 D) $3,714,550 7) A) What is the total direct manufacturing labor costs budget? $377,000 B) $464,000 C) $978,180 D) $1,006,950 8) What are total manufacturing overhead costs? 10) A) $172,000 B) $193,000 C) $486,280 D) $604,170 What is the cost of target ending inventories of finished goods? A) $121,430 $789,210 B) $978,300 $1,167,300 What is the budgeted cost of goods sold for 2020? $1,639,450 $2,582,000 $3,233,520 $4,319,070