More info a. Budgeted sales are 2,000 youth bats and 3,300 adult bats. Finished Goods Inventory on December 31, 2018, consists of 700 youth bats at $11 b. each and 720 adult bats at $10 each. Desired ending Finished Goods Inventory is 300 youth bats and 460 adult bats; c. FIFO inventory costing method is used. Direct materials requirements are 52 ounces of wood per youth bat and 54 ounces d. of wood per adult bat. The cost of wood is $0.15 per ounce. Raw Materials Inventory on December 31, 2018, consists of 25,000 ounces of wood e. at $0.15 per ounce. Desired ending Raw Materials Inventory is 25,000 ounces (indirect materials are f. insignificant and not considered for budgeting purposes). g. Each bat requires 0.5 hours of direct labor, direct labor costs average $10 per hour. h. Variable manufacturing overhead is $0.50 per bat. Fixed manufacturing overhead includes $700 per quarter in depreciation and $8,580 i. per quarter for other costs, such as insurance and property taxes. Fixed selling and administrative expenses include $12,000 per quarter for salaries; $3,500 per quarter for rent: $1,400 per quarter for insurance; and $100 per quarter 1. for depreciation k. Variable selling and administrative expenses include supplies at 1% of sales. Print Done - Data table Puckett Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash $ 45,000 26,200 3,750 14,900 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation $ 89,850 150,000 (20,000) 130,000 $ 219,850 Total Assets Print Done The Pucket Batting Company manufactures wood baseball bats. Pureerstwo primary products are a youth bat designed for children and young teens, and an outbak designed for high school and college aged players, Puckelt sells the bats to sporting goods stores and all sales are on account. The you to sells for $20. the sout basis for 5 Fucket's highest sales volume is in the fest three months of a year as retailers prepare for the spring baseball season. Pucketfs balance sheet for December 31, 2018, and other data for the first Quarter of 2019 follow Click the icon to view the balance sheet) te con to view the other cot) Read the mouirements Requirement 1. Prepare Pucket's sales budget for the first quarter of 2019 Puckett Batting Company Sales Budget For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Budgeted bats to be sold Sales price per unit Total sales