how did you the ending balance? im confused there. I am worndering if you can help me understand this. thanks!

More info Direct materials are four ounces of plastic per kit and the plastic costs $2 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 920 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter's production. Austin desires a balance of 260 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.75 hours of direct labor at an average cost of $35 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.90 per kit, and fixed overhead is $175 per quarter. Austin, Inc. manufactures model airplane kits and projects production at 250,450,500, and 300 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Austin's direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for productio budgeted overhead costs, and predetermined overhead allocation rate to two docimal places. Round other amounts to the nearest whole number: Get more help