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Budgeted income statement and supporting budgets for three months Bellaire Inc. gathered the following data for use in developing the budgets for the first quarter

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Budgeted income statement and supporting budgets for three months Bellaire Inc. gathered the following data for use in developing the budgets for the first quarter (January, Fabruary, March) of its fiscal year: a. Estimated sales at $125 per unit: b. Estimated finished goods inventones: c. Work in process inventories are estimated to be insignificant (zero). d. Estimated direct materiak inventonies: E. Manuagcturina costs. e. Manudacturing costs: 1. Drveare iakis hudout for Morki. 5. Prepane a inctory owerhead cost budget for March 6. Prepore a cost of goeds aold budget for March 6. Piepare a cost of goods sold budget for Mnech. 7. Piepare a seling and administantine euguthes budget for Marh. Enter all amounte as pative namber. 8. Prepare a budoeted inco the stibg thent with tivdgeted operating incoene for March

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