Cost of Goods Sold Budget Lance Cost of Goods Sold Budget For the Year Ending December 31, 2012 Finished goods inwentary 1, 2012 $2.70 52 010 Work in process inventory January 1, 2012 Direct materials: 51,600 Direct materials inventory January 1, 2012 Direct starts purchases Cast of direct mata wa for use 5 Direct materials inventory December 31, 20Y2 (1 440 Cost of direct materials placed in productions Dirediator Factory Overhead Total acting costs Total work in process during period Work in process inventory December 31, 20Y2 Cost of goods manufactured Castaned goods avatte for Finished goods inventory, December 31, 2012 $ (1500) Cost of goods sold These were us ollow. This behaved by your constant 100 540 154.000 Team Www Budgeted income Statement Budgeted income Statement Data Table Interest revenue for the year Interest expense for the year LeamCo's income tax rate $2,000 51,500 40% Leanco Budgeted income Statement For the Year Ending December 31, 2012 Revenue from sales 2 Cost of goods sold Selling and administrative 5 Selling expenses 6 Administrative experes Total selling and administrative expenses & Income from operations Other revenue and expenses 18 Interest revenue 12 Income before income tax Income tax Net income Cost of Goods Sold Budget Lance Cost of Goods Sold Budget For the Year Ending December 31, 2012 Finished goods inwentary 1, 2012 $2.70 52 010 Work in process inventory January 1, 2012 Direct materials: 51,600 Direct materials inventory January 1, 2012 Direct starts purchases Cast of direct mata wa for use 5 Direct materials inventory December 31, 20Y2 (1 440 Cost of direct materials placed in productions Dirediator Factory Overhead Total acting costs Total work in process during period Work in process inventory December 31, 20Y2 Cost of goods manufactured Castaned goods avatte for Finished goods inventory, December 31, 2012 $ (1500) Cost of goods sold These were us ollow. This behaved by your constant 100 540 154.000 Team Www Budgeted income Statement Budgeted income Statement Data Table Interest revenue for the year Interest expense for the year LeamCo's income tax rate $2,000 51,500 40% Leanco Budgeted income Statement For the Year Ending December 31, 2012 Revenue from sales 2 Cost of goods sold Selling and administrative 5 Selling expenses 6 Administrative experes Total selling and administrative expenses & Income from operations Other revenue and expenses 18 Interest revenue 12 Income before income tax Income tax Net income