Ending Finished Goods Inventory Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.75 Direct labor 0.55 Variable overhead 0.75 Fixed overhead Total unit cost 1.85 $4.90 For the coming year, Play-Disc expects to make 330,000 plastic discs, and to sell 318,000 of them. Budgeted beginning inventory in units is 16,000 with unit cost of $4.90. (There are no beginning or ending inventories of work in process.) Required: 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent. Play-Disc Ending Finished Goods Inventory Budget Unit costs: Direct materials Direct labor Overhead: For the Coming Year Budgeted variable overhead Budgeted fixed overhead 00 00 x x Play-Disc Ending Finished Goods Inventory Budget For the Coming Year Unit costs: Direct materials Direct labor Overhead: Budgeted variable overhead Budgeted fixed overhead Total cost per unit Total ending inventory cost x x Feedback Check My Work The ending finished goods inventory budget supplies information needed for the balance sheet and also serves as an important input for the preparation of the cost of goods sold budget. To prepare this budget, all of the previous budgets except for the Sales budget are used to calculate the unit cost of production. 2. What if sales increased to 329,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory. Finished goods inventory has decreased to $