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Budgeted Income Statement For the Quarter Ended March 31 Sales $ 760,000 ? Cost of Goods Sold: Beginning Inventory -

Budgeted Income Statement

For the Quarter Ended March 31

Sales


 


 

$

760,000 ?

Cost of Goods Sold:


 


 


 

Beginning Inventory - Finished Goods


 

0?


 

Material:


 


 


 

Beginning Inventory - Material

0?


 


 

Material Purchases

516,000?


 


 

Material Available

516,000 v


 


 

Ending Inventory - Material

56,100 v


 


 

Direct Material

459,900 v


 


 

Direct Labor

157,500 v


 


 

Manufacturing Overhead

98,550 ?


 


 

Total Manufacturing Cost


 

715,950 ?


 

Cost of Goods Available for Sale


 

715,950?


 

Ending Inventory - Finished Goods


 

0 x


 

Cost of Goods Sold


 


 

0 x

Gross Profit|


 


 

0 x

Operating Expenses:


 


 


 

Selling Expenses


 

76,500?


 

Administrative Expenses


 

10,530?


 

Total Operating Expenses


 


 

87,030?

Income before Income Taxes


 


 

0 x

Income Tax Expense


 


 

0 x

Net Income


 


 

$


What's the ending inventory of finished goods

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