More info a. Budgeted sales are 1,700 youth bats and 3,400 adult bats. b. Finished Goods Inventory on December 31,2024 , consists of 200 youth bats at $19 each and 440 adult bats at $13 each. c. Desired ending Finished Goods Inventory is 500 youth bats and 400 adult bats; FIFO inventory costing method is used. d. Direct materials requirements are 52 ounces of wood per youth bat and 60 ounces of wood per adult bat. The cost of wood is $0.30 per ounce. e. Raw Materials Inventory on December 31,2024 , consists of 28,000 ounces of wood at $0.30 per ounce. f. Desired ending Raw Materials Inventory is 28,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.2 hours of direct labor; direct labor costs average $20 per hour. h. Variable manufacturing overhead is $0.90 per bat. i. Fixed manufacturing overhead includes $1,100 per quarter in depreciation and $2,652 per quarter for other costs, such as insurance and property taxes. j. Fixed selling and administrative expenses include $12,000 per quarter for salaries; $3,000 per quarter for rent; $1,200 per quarter for insurance; and $300 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 1% of sales. Sosa Batting Company Balance Sheet December 31, 2024 Assets Current Assets: \begin{tabular}{|l|r|} \hline Cash & $10,000 \\ \hline Accounts Receivable & 17,900 \\ \hline Raw Materials Inventory & 8,400 \\ \hline Finished Goods Inventory & 9,520 \\ \hline Total Current Assets & $45,820 \\ \hline \end{tabular} Property, Plant, and Equipment: Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Liabilities Current Liabilities: Requirement 1. Prepare Sosa's sales budget for the first quarter of 2025. Requirement 2. Prepare Sosa's production budget for the first quarter of 2025. Gosars balanee shted for December 31, 2024, and other data for the Iret quarter of 2005 folger: (cick bie icen to viw tie fialantin shest ? fCick the icon to vaiw the oftar data. Finimd the sepurements