Hurtt's Java Seeds is an independent roaster of specialty coffee beans. The company budgets 2 months ahead, so that in early January, it is time to plan for March. During March, the company plans to sell 40,000 pounds of beans. At the end of February, the company expects to have 5,000 pounds of raw green coffee beans (costing $4,000) and 800 pounds of roasted beans (costing $4,200) in inventory. Hurtt's would like to have 1,100 pounds of green coffee beans and 500 pounds of roasted beans in inventory at the end of March. Hurtt's purchases green coffee beans from the grower at $3 per pound and sells the roasted beans for $17 per pound. Hurtt's roasters hold 25 pounds of green coffee beans. It takes 19 minutes to roast the beans to perfection. Because the roaster must be monitored by an employee at all times, each batch requires 0.31 direct labor hours. During the roasting process, the green beans lose 26% of their weight, so that 1.25 pounds of green (raw) beans must be used to produce 1 pound of roasted beans. The standard direct labor rate is $15 per direct labor hour. Variable overhead is applied at the rate of $87 per direct labor hour, and fixed overhead is budgeted at $13,097 per month, including $1,500 in equipment depreciation. Prepare Hurtt's sales budget for March. Budgeted pounds sold Budgeted sales price per pound $ Budgeted sales revenue $ e Textbook and Media Prepare Hurtt's production budget for March. Budgeted roasted pounds sold Budgeted roasted beans ending inventory (pounds) Roasted pounds needed Beginning inventory roasted beans Budgeted roasted bean production (pounds) Prepare Hurtt's coffee bean purchases budget for March. (Round answers to 2 decimal places, e.g. 15.25.) Budgeted production Green beans per roasted pound Green beans needed for production (pounds) Budgeted ending inventory of green beans Total green beans needed (pounds) Beginning green bean inventory (pounds) Budgeted green bean purchases (pounds) Standard price per pound $ Budgeted purchases $ e Textbook and Media Prepare Hurtt's direct labor budget for March. (Round answers to 2 decimal places, eg. 15.25.) Batches roasted Direct labor hours per batch Budgeted direct labor hours Standard labor rate $ Budgeted direct labor cost $ e Textbook and Media Prepare Hurtt's overhead budget for March. (Round answers to 2 decimal places, eg. 15.25.) Budgeted direct labor hours Variable overhead rate per direct labor hour $ Budgeted variable overhead $ Fixed overhead Budgeted overhead $ e Textbook and Media Compute Hurtt's ending inventory balances and cost of goods sold for March. (Round answers to 2 decimal places, eg. 15.25.) Ending Finished Goods Inventory balance $ Cost of goods sold $