Calculate Beginning Inventory for January February March April

Budgeted unit sales $30002,8003,2003,400$

Budgeted Selling Price $$160$ $$160\mathrm{.}00$ $$160\mathrm{.}00$ $$160\mathrm{.}00$

Ending inventory $($finished units$)\%$ of next month's sales $10\%$ per month

Pounds of materials required per unit produced $3$

Expected purchase price of materials $($per pound$)$ $$6$

Direct labor hours required per unit produced $2$

Expected hourly labor rate $$25$

Variable manufacturing overhead rate per unit produced $$17$

Fixed manufacturing overhead per month $$36,000$

Variable selling & administrative expense per unit sold $$15$

Fixed selling & administrative expense per month $$44,000$

Information

Actual units sold $9400$

Actual selling price $$158$

Actual amount paid for direct materials $$213,850$

Pounds of direct materials purchased and used $32900$

Actual amount paid for direct labor $$444,150$

Actual direct hours worked $16450$

Actual amount of variable manufacturing overhead $$188,000$

Actual amount of variable selling & adminsitrative expenses $$131,600$

Actual amount of fixed manufcturing overhead $$115,000$

Actual amount of fixed selling & adminsitrative expenses $$127,000$