Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc, with the assistance of the controller, treasurer production manager and sales manage has gathered the following data for use in developing the budgeted income statement for May a. Estimated sales for May: Bicycle helmet 8,750 units at $24 per unit Motorcycle helmet 7,250 units at $195 per unit b. Estimated Inventories at May 11 Direct materials: Finished products: Plastic 1,480 lbs Bicycle helmet 200 units at $15 per unit Foam lining 520 lbs. Motorcycle helmet 100 units at $90 per unit c. Desired inventories at may Direct materials Finished products Bicycle helmet 400 units at $15 per unit Motorcycle helmet 300 units at $100 per unit Plastic 2.000 lbs 500 lbs Foam lining d. Direct materials used in production In manufacture of bicyde helmet Previous -2- 34 AM Cost of finished goods available for sale poo 7. Prepare a selling and administrative expenses budget for May. Jupiter Helmets Inc. Selling and Administrative Expenses Budget For the Month Ending May 31 Selling expenses: