Exercise 23.3 Production Budgets (LO23-4, LO23-5) Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quarter. The following data have been gathered. 1.760 cases 240 Projected sales in units Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct materials cost per case Variable manufacturing overhead cost per case Fixed overhead costs for the upcoming quarter 150 cases 100 cases 2 hours 10 per hour $ 220,000 a. Using the above information, develop Mercury's sales forecast in dollars and production schedule in units. b. What is Mercury's budgeted variable manufacturing cost per case? c. Prepare Mercury's manufacturing cost budget. d. What is the projected ending value of the Inventory account? Complete this question by entering your answers in the tabs below. Required A Required B Required Required D What is the projected ending value of the Inventory account? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) Ending inventory value