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 gathered the following data for use in developing the budgeted income statement for March a. Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit b. Estimated inventories at March 1: Direct materials: Plastic 90 lbs Foam lining 80 lbs Finished products: 40 units at $25 per unit 240 units at $77 per unit Batting helmet Football helmet c. Desired inventories at March 31: Direct materials: Plastic 50 lbs Foam lining 65 lbs Finished products 50 units at $25 per unit 220 units at $78 per unit Batting helmet Football helmet d. Direct materials used in production: In manufacture of battina helmet