homework

CURRENT COMPANY Gncal Company manufactures and sells only one product. The value of the finished goods stock on 1 November is 172,360TL and consists of 13,900 units. As of November 30 , the finished product stock is expected to be 15,600 units. The unit sales price of the products is 16TL. Sales of the month are planned as 85,000 units. Only one type of raw material is used in production. 6kg of raw material is consumed for one unit of production. As of November 1, the raw material stock at the beginning of the period is 115,000kg. The end-of-period raw material stock is estimated at 113,800kg. Raw material cost will continue as 0.44TL per kg. The business uses the FIFO valuation method. Two direct labor hours are worked for a unit production and direct workers are paid 2.4TL per hour. The total of variable general manufacturing costs at the expected capacity is budgeted as 236,968TL, and the total of fixed general manufacturing costs is 200,000 TL. General manufacturing costs are charged to manufacturing on the basis of direct labor costs. WANTED Organize the following budgets. 1. Sales budget. 2. Production budget. 3. Raw material purchasing budget 4. Direct labor budget. 5. Budget of cost of production sold