PR 22-3B Budgeted income statement and supporting budgets Obj. 4 The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: a. Estimated sales for March: Batting helmet.... 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit b. Estimated inventories at March 1: Direct materials: Plastic Foam lining. 90 lbs. 80 lbs. Finished products: Batting helmet... Football helmet 40 units at $25 per unit 240 units at $77 per unit c. Desired inventories at March 31: Direct materials: Finished products: Plastic 50 lbs. Batting helmet. 50 units at $25 per unit Foam lining... 65 lbs. Football helmet. 220 units at $78 per unit d. Direct materials used in production: In manufacture of batting helmet: Plastic 1.2 lbs. per unit of product Foam lining 0.5 lb, per unit of product In manufacture of football helmet: Plastic 3.5 lbs. per unit of product Foam lining 1.5 lbs. per unit of product e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic. $6 per lb. Foam lining $4 per lb f. Direct labor requirements: Batting helmet 0.2 hr at $20 per hr. Molding Department. Assembly Department. 0.5 hr. at $14 per hr Football helmet: 0.5 hr, at $20 per hr. Molding Department. 1.8 hrs. at $14 per hr. Assembly Department. PR 22-3B, with the following exceptions: Change DM used in Batting Helmet production to the following: Plastic Foam Lining 1.1 lbs/unit of product .6 lbs/unit of product Chann Di