eBook Problem-Solving Strategy Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co, with the assistance of the controller, treasurer, production mana statement for March 2014: a. Estimated sales for March: ger, and sales manager, has gathered the following data for use in developing the budgeted income Batting helmet. Football helmet...... . . . ......6,500 units at $160 per unit 1,200 units at $40 per unit b. Estimated inventories at March 1: Direct materials: Finished products Plastic..*. 90 lbs. 80 Ibs. Batting helmet.... Football helmet. 40 units at $25 per unit 240 units at $77 per unit c. Desired inventories at March 31: Direct materials Plastic Foam lining 50 Ibs. 65 lbs. Finished products: Batting helmet. Football helmet 50 units at $25 per unit 220 units at $78 per unit d. Direct materials used in production: In manufacture of batting helmet Plastic Foam lining 1.20 lbs per unit of product 0.50 tb. per unit of product in manufacture of football helmet Plastic. Foam lining 3.50 lbs, per unit of product 1.50 tbs. per unit of product eBook Problem-Solving Strategy Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co, with the assistance of the controller, treasurer, production mana statement for March 2014: a. Estimated sales for March: ger, and sales manager, has gathered the following data for use in developing the budgeted income Batting helmet. Football helmet...... . . . ......6,500 units at $160 per unit 1,200 units at $40 per unit b. Estimated inventories at March 1: Direct materials: Finished products Plastic..*. 90 lbs. 80 Ibs. Batting helmet.... Football helmet. 40 units at $25 per unit 240 units at $77 per unit c. Desired inventories at March 31: Direct materials Plastic Foam lining 50 Ibs. 65 lbs. Finished products: Batting helmet. Football helmet 50 units at $25 per unit 220 units at $78 per unit d. Direct materials used in production: In manufacture of batting helmet Plastic Foam lining 1.20 lbs per unit of product 0.50 tb. per unit of product in manufacture of football helmet Plastic. Foam lining 3.50 lbs, per unit of product 1.50 tbs. per unit of product