Note: Exercise 17-25 must be completed before attempting Exercise E7-26. E7-26 Preparing an operating budget-cost of goods sold budget Refer to the budgets prepared in Exercise E7-25. Determine the cost per kit to manufacture the model airplane kits. Trevor projects sales of 400, 100, 700, and 500 kits for the next four quarters. Prepare a cost of goods sold budget for the year Trevor has no kits in beginning inventory. Round amounts to two decimal places. Learning Objective 3 3rd Qur. COGS 520,895 F7-27 Preniring Note: Exercise 17-25 must be completed before attempting Exercise E7-26. E7-26 Preparing an operating budget-cost of goods sold budget Refer to the budgets prepared in Exercise E7-25. Determine the cost per kit to manufacture the model airplane kits. Trevor projects sales of 400, 100, 700, and 500 kits for the next four quarters. Prepare a cost of goods sold budget for the year Trevor has no kits in beginning inventory. Round amounts to two decimal places. Learning Objective 3 3rd Qur. COGS 520,895 F7-27 Preniring