Prepare a Ending Finished Good Inventory, Cost of Goods Budget, and budgeted income statemeny for Jones Corporation. Please help me solve, and please show work and steps as to how you got the awnser to the problem.

Thank you. alot of pictures

Jones Corporation has the following budgeted sales for the selected four-month period: Month Unit Sales July 20,000 August 35,000 September 25,000 30,000 October Sales price per unit is $180 Sales price per unit is $180 Plans are to have an inventory of finished product equal to 20 percent of the unit sales for the next month. There were 4,000 units in beginning entry on 1 Three pounds of materials are required for each unit produced. Each pound of material costs $20. Inventory levels for materiais equal 30 percent of the need for the next month Desired ending inventory for September 25,200 pounds of material, Beginning inventory for uly was 20,700 pounds of material Each unit requires 0.6 hours of direct labor and the average wage rate is $16 per hour Variable overhead rate is $3.50 per direct labor hour. There is also we overhead of 522,000 per month The company as a communion on sales The Company has fixed selling and administrative expenses as follows: Rent $6,000/month Utilities $1,200/month Advertising $400/month Office Salaries $35,000/month Required: If required, round your answers to two decimal places. TO Canted G. Prepare and fished good mentory budget for the quarter (Hint: You have already calculated the desired ending finished goods inventoryQuantity. Asume a stable pornit rate and on the unit fund factory overhead rate to two decimal places) Jones Corporation Ending Finished Goods laventory Tudget Derd ending invertory te materials Director Othe Vart vected Fredd hii ni Unitat H. Prepare a cost of goods sold budget for the quarter. Jones Corporation Cost of goods sold Budget Direct materials Direct labor Overhead Add: Beginning inventory Goods available for sale Less: Ending inventory Cost of goods sold Feedback Check My Work Incorrect Jones Corporation Budgeted Income Statement Sales Cost of goods sold Gross margin Less: Variable selling and adm. expenses Less: Income tax expense 5 sold Cost of goods sold Income tax expense Operating income Sales 1. Prepare a budgeted income statement for the quarter-the company falls into the 35 percent tax bracket for income taxes. Jones Corporation Budgeted Income Statement Sales Cost of goods sold Gross margin Less: Variable selling and adm. expenses Less: Income tax expense ess: Cost of goods sold Net income