Chapter Homework Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Dette For the coming year, Play-Disc expects to make 400,000 plastic discs, and to sell 384,000 of them. Budgeted beginning inventory in units is 20,000 with unit cost of $5.05. (There are no beginning or ending inventories of work in process.) Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. 2. Prepare a cost of goods sold budget for Play-Disc for the year. Cast of Goods Sold 3. What if the beginning inventory of finished goods was $100,300 (for 20,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) The cost of goods sold would to $ Chapter Homework Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Dette For the coming year, Play-Disc expects to make 400,000 plastic discs, and to sell 384,000 of them. Budgeted beginning inventory in units is 20,000 with unit cost of $5.05. (There are no beginning or ending inventories of work in process.) Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. 2. Prepare a cost of goods sold budget for Play-Disc for the year. Cast of Goods Sold 3. What if the beginning inventory of finished goods was $100,300 (for 20,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) The cost of goods sold would to $