arul % 17 2 22:21 5) From the following details provided by Barry, Inc., prepare the cost of goods sold budget for the year (complete the below table). Direct materials per unit Direct labor hours per unit Direct labor rate per hour Manufacturing overhead cost per direct labor hour Beginning inventory units Sales price per unit $65 2 hours $50 $20 1,000 $250 First Quarter Second Quarter Third Quarter Fourth Quarter Units expected to be sold: 15,000 18,000 21,000 24,000 Barry, Inc. expects no inventory units at the end of the second, third and fourth quarters. Answer: Barry, Inc. Cost of Goods Sold Budget For the Year Ended December 31, 20XX First Quarter $x Second Quarter Third Quarter Fourth Quarter $x $x $x $x Beginning inventory (1,000 units)* Units produced and sold in 20XX @ $205 each (15,000**, 18,000, 21,000, 24,000 units per quarter) Total budgeted cost of goods sold $x $x *Calculation of cost of beginning inventory: 6) McIntyre, Inc. has prepared its third quarter budget and provided the following data: Jul $50,000 Aug Sep $46,000 $39,900 Cash collections Cash payments: Rohacon of dicat motorina 21 on 22nd 17 500