I need help with the Cost Budget for FIFO and LIFO from the 1st picture above.

P6-35 (similar to) Lame Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools (Click the icon to view additional information) (Click the icon to view the budgeted direct-cost) (Click the icon to view the direct materials) Manufacturing overhea manufacturing labor ha (Click the icon to (Click the icon to vi (Click the icon to vie (Click the icon to view the direct cost inpuls. Read the requirements Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Broncos Rams To be purchased this period Broncos Rams Direct materials to be used this period I - X i Budgeted Direct-Cost Inputs The budgeted direct-cost inputs for each product in 2017 are as follows: Broncos Blanket Rams Blanket Red wool fabric 7 yards O yards 8. Black wool fabric 0 1 0 Broncos logo patches Rams logo patches Direct manufacturing labor 0 1 6 hours 7 hours Direct Materials - Unit data pertaining to the direct materials for March 2017 are as follows: Actual Beginning Direct Materials Inventory (3/1/2017) Broncos Blanket Rams Blanket Red wool fabric 50 yards 0 yards Black wool fabric 0 30 60 0 Broncos logo patches Rams logo patches 75 Target Ending Direct Materials Inventory (3/31/2017) Broncos Blanket Rams Blanket Red wool fabric 40 yards 0 yards Black wool fabric 0 40 Broncos logo patches 40 0 Rams logo patches 0 40 Direct-Cost Inputs Unit cost data for direct-cost inputs pertaining to February 2017 and March 2017 are as follows: February 2017 (actual) March 2017 (budgeted) Red wool fabric (per yard) $ 12 $ 13 Black wool fabric (per yard) 18 17 Broncos logo patches (per patch) 10 10 Rams logo patches (per patch) 9 11 Manufacturing labor cost per hour 29 30 Manufacturing Overhead Information The budgeted variable manufacturing overhead rate for March 2017 is $19 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2017 is $25,250. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Finished Goods Inventory -X Data relating to finished goods inventory for March 2017 are as follows: Broncos Blanket Rams Blanket Beginning inventory in units 18 23 Beginning inventory in dollars (cost) $ 2,880 $ 3.611 Target ending inventory in units 28 33 Sales and Other Information Budgeted sales for March 2017 are 160 units of the Broncos blankets and 205 units of the Rams blankets. The budgeted selling prices per unit in March 2017 are $505 for the Broncos blankets and $597 for the Rams blankets. Assume the following in your answer. Work-in-process inventories are negligible and ignored. Direct materials inventory and finished goods inventory are costed using the FIFO method. Unit costs of direct materials purchased and finished goods are constant in March 2017 Manufacturing overhe manufacturing labor-hu (Click the icon to EF: (Click the icon to (Click the icon to v Read the requirements Lame Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information.) (Click the icon to view the budgeted direct-cost) (Click the icon to view the direct materials.) (Click the icon to view the direct cost inputs.) Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Broncos Rams To be purchased this period Broncos II Rams Direct materials to be used this period Manufacturing overhead (both variable and fixed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket (Click the icon to view the overhead information) (Click the icon to view the finished goods inventory) i (Click the icon to view additional information) Read the requirements 0 Requirements the ownshead information.) - X ventory.) C. 1. Prepare the following budgets for March 2017 a. Revenues budget b. Production budget in units Direct material usage budget and direct material purchases budget d. Direct manufacturing labor costs budget Manufacturing overhead costs budget f. Ending inventories budget (direct materials and finished goods) g. Cost of goods sold budget 2. Suppose Lame Specialties decides to incorporate continuous improvement into its budgeting process. Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement 1. e