Please solve the Unit Costs of ending finished goods inventory and show your work. Thanks

1,710 yds. 0 yds. 0 0 190 $ 0 $ $ 0 0 0 Lakin 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.) Direct materiais required for Broncos 190 Rams 225 2,250 yds. yds. 1,710 Total quantity of direct material to be used 2,250 225 yds. yds. Cost Budget Available from beginning direct materials inventory (under a FIFO cost-flow assumption) Broncos $ 840 840 Rams 0 880 935 To be purchased this period Broncos 24,750 1,440 0 Rams 0 46,410 0 1,820 $ 25,590 $ 47,290 2,280 Direct materials to be used this period 2,755 77,915 Now prepare March's direct material purchases budget. Direct Materials Purchases Budget For the Month of March Materials Broncos Rams Red wool Black wool logo patches logo patches Total Physical Units Budget To be used in production 190 225 50 50 Add target ending inventory 50 yds. yds. Total requirement 1,760 yds. 240 275 70 Deduct beginning inventory yds. Purchases to be made 1,700 2,260 yds. yds. Cost Budget Purchases $ 25,500 $ 47,460 $ 2,040 2,470 77,470 1,710 yds. 2,250 yds. 50 2,300 yds. 60 40 yds. 85 170 190 d. Prepare the direct manufacturing labor costs budget. (Abbreviation used: DMLH = Direct manufacturing labor hours) Direct Manufacturing Labor Costs Budget For the Month of March DMLH Total Hourly Output units produced 190 per unit DMLH Total wage rate $ 32 Broncos blankets 8.0 1,520 $ 48,640 225 Rams blankets 9.0 2,025 64,800 32 $ 113,440 Total e. Prepare the manufacturing overhead costs budget. Start by selecing the formula, and calculating the budgeted variable manufacturing overhead costs for March. Variable manufacturing Variable overhead rate Total direct manufacturing labor hours 3,545 overhead costs 74,445 21 Now prepare the total manufacturing overhead cost budgets by entering the appropriate amounts then calculate the total manufacturing overhead costs. 74,445 Manufacturing Overhead Budget For the Month of March Variable manufacturing overhead costs $ Fixed manufacturing overhead costs $ Total manufacturing overhead costs 24,815 99,260 f. Prepare the ending inventories budget direct materials and finished goods). Complete the information below by entering the appropriate amounts to calculate the unit costs of ending finished goods inventory for the Broncos blankets and Rams blankets. Remember the fixed manufacturing overhead rate is the total fixed manufacturing overhead divided by the total direct manufacturing labor hours. Unit Costs of Ending Finished Goods Inventory March 31, 2017 Product Broncos Rams Cost per unit Input per unit of input of output Total $ 15 9 yds. $ 135.00 12 12.00 Cost per unit of input 21 Wool Input per unit of output Total 10 yds. $ 210.00 13.00 9 hrs. 288.00 1 13 1 32 8 hrs. 256.00 32 Logo Direct manufacturing labor Fixed manufacturing overhead Variable manufacturing overhead 8 hrs. 9 hrs. 21 8 hrs. 168.00 21 9 hrs. 189.00 Total the icon to view the Sales and Other Information Direct Materials k the icon to view the k the icon to view ad requirements. Unit data pertaining to the direct materials for March 2017 are as follows: Budgeted sales for March 2017 are 180 units of the Broncos blankets and 215 units of the Rams blankets. The budgeted selling prices per unit in March 2017 are $709 for the Broncos blankets and $816 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 Actual Beginning Direct Materials Inventory (3/1/2017) Broncos Blanket Rams Blanket Red wool fabric 60 yards O yards Black wool fabric 0 40 Broncos logo patches 70 0 Rams logo patches 0 85 Print Done Finished Goods Inventory Target Ending Direct Materials Inventory (3/31/2017) Broncos Blanket Rams Blanket Red wool fabric 50 yards O yards Black wool fabric 0 50 Broncos logo patches 50 0 Rams logo patches 0 50 Data relating to finished goods inventory for March 2017 are as follows: Broncos Blanket Rams Blanket Beginning inventory in units Beginning inventory in dollars (cost) $ 3,960 $ 4,293 Target ending inventory in units 22 27 Print Done 32 37 Print Done Budgeted Direct-Cost Inputs Manufacturing Overhead Information The budgeted direct-cost inputs for each product in 2017 are as follows: Rams Blanket Broncos Blanket 9 yards Red wool fabric O yards The budgeted variable manufacturing overhead rate for March 2017 is $21 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2017 is $24,815. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Black wool fabric 0 10 1 0 Broncos logo patches Rams logo patches Direct manufacturing labor 0 1 Print Done 8 hours 9 hours Print Done Direct-Cost Inputs Additional Blanket Information Unit cost data for direct-cost inputs pertaining to February 2017 and March 2017 are as follows: February 2017 (actual) March 2017 (budgeted) $ 14 $ 15 22 21 Red wool fabric (per yard) Black wool fabric (per yard) Broncos logo patches (per patch) Rams logo patches (per patch) Manufacturing labor cost per hour The company sews the blankets from fabric and sews on a logo patch purchased from the licensed logo store site. The teams are as follows: Broncos, with red blankets and the Broncos logo . Rams, with black blankets and the Rams logo Also, the black blankets are slightly larger than the red blankets. 12 12 11 13 ring overhead costs. 31 32 Print Done Print Done