Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: a. Estimated sales for March: BattinghelmetFootballhelmet1,200unitsat$40perunit6,500unitsat$160perunit b. Estimated inventories at March 1 : Direct materials: Plastic 90lbs Foam lining 80lbs. Finished products: Batting helmet 40 units at $25 per unit Football helmet 240 units at $77 per unit c. Desired inventories at March 31: Direct materials: Plastic 50lbs. Foam lining 65lbs. Finished products: Batting helmet 50 units at $25 per unit Football helmet 220 units at $78 per unit d. Direct materials used in production: e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic \$6 per lb. Foam lining \$4 per lb. g. Estimated factory overhead costs for March: 7. Prepare a selling and administrative expenses budget for March. Selling and Administrative Expenses Budget For the Month Ending March 31 Selling expenses: Total selling expenses Administrative expenses: Total administrative expenses Total operating expenses Q Dranara a hillnatad inrama ctatamant far Marrh