Beginning inventory Irwin Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2025 Bats produced and sold in 1st quarter of 2025 Total budgeted cost of goods sold ext pages Get more help Youth Bats Adult Bats Total 4,400 $ 8,840 $ 13,240 Cost per bat Irwin Batting Company Sales Budget For the Quarter Ended March 31, 2025 head Youth Adult ufactu st of g Bats Bats Total Budgeted bats to be sold 1,600 2,700 4,300 $ 35 $ 50 dget y on bud Sales price per unit $ 56,000 $135,000 $ 191,000 Total sales unts C Production Budget yer ar on eme Irwin Batting Company Production Budget For the Quarter Ended March 31, 2025 Youth Adult g the Bats Bats Total Budgeted bats to be sold 1,600 2,700 4,300 s co Plus: Desired bats in ending inventory 400 460 860 st p Total bats needed 2,000 3,160 5,160 ove Less: Bats in beginning inventory 400 520 920 mar 1,600 2,640 4,240 he co les bu oduct Budgeted bats to be produced Print Done For the Quarter ended March 31, 2020 bung It sells the fil heares Question 6, PM7-38A (similar to) Part 7 of 8 HW Score: > Points ompany manufactures wood baseball bats lovin's bus primary products are a youth bat designed for children a More info e a. Budgeted sales are 1,600 youth bats and 2,700 adult bats. he be er an CO Cos bu cti b. Finished Goods Inventory on December 31, 2024, consists of 400 youth bats at $11 each and 520 adult bats at $17 each.. c. Desired ending Finished Goods Inventory is 400 youth bats and 460 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 50 ounces of wood per youth bat and 60 ounces of wood per adult bat. The cost of wood is $0.40 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 23,000 ounces of wood at $0.40 per ounce. f. Desired ending Raw Materials Inventory is 23,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor; direct labor costs average $12 per hour. h. Variable manufacturing overhead is $0.70 per bat. i. Fixed manufacturing overhead includes $1,200 per quarter in depreciation and $2,192 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $7,000 per quarter for salaries; $4,000 per quarter for rent; $1,600 per quarter for insurance; and $250 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 3% of sales. tory and Print Done X Current Assets: Irwin Batting Company Balance Sheet December 31, 2024 Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property; Plant, and Equipment: Equipment Less: Accumulated Depreciation Total Assets Liabilities EA $ 22,000 25,400 9,200 13,240 $ 69,840 165,000 (40,000) 125,000 $ 194,840 Current Liabilities: Accounts Payable $ 12,500 Stockholders' Equity