ESTIMATED FACTORY OVERHEAD COSTS FOR JANUARY:

$\backslash$table$[[$Indirect factgory wages,$$],[$Depreciation of plant and equipment,$30,000],[$Power and light,$16,000],[$Insurance and property tax,$8,700]]$

ESTIMATED OPERATING EXPENSES FOR JANUARY:

$\backslash$table$[[$Sales salaries expense,$265,800],[$Advertising expense,$135,600],[$Office salaries expense,$84,300],[$Depreciation expense $-$ office equipment,$5,200],[$Telephone expense $-$ selling,$3,500],[$Telephone expense $-$ administrative,$700],[$Travel expense $-$ selling,$43,100],[$Office supplies expense,$4,900],[$Miscellaneous administrative expense,$5,200]]$

ESTIMATED OTHER INCOME AND EXPENSE FOR JANUARY:

Interest revenue $$14,500$

Interest expense $$18,700$

ESTIMATED TAX RATE: $30\%$

Prepare a sales budget for January

Prepare a production budget for January

Prepare a direct material purchases budget for January

Prepare a direct labor cost budget for January

Prepare a factory overhead cost budget for January

Prepare a Cost of Goods Sold budget for January. Work in process at the beginning of January is estimated to be $$12,500$ and work in process at the end of January is desired to be $$13,500$

Prepare a selling and administrative expenses budget for January

Prepare a budgeted income statement for January

SAFETY ATHLETIC INC.

Cost of Goods Sold Budget

For the Month Ending January $31,2023$

Finished goods inventory, January $1,2023$

Work in process inventory, January $1,2023$

Direct materials:

Direct materials inventory, January $1,2023$

Direct materials purchases

Cost of direct materials available for use

Direct materials inventory, January $31,2023$

Cost of direct materials placed in production

Direct labor

Factory overhead

Total manufacturing costs

Total work in process during the period

Work in process inventory, January $31,2023$

Cost of goods manufactured

Cost of finished goods available for sale

Finished goods inventory, January $31,2023$

Cost of goods sold