prepare a ending finishef good inventory codt of goods budget income statment for jones corp. please help me. Show work to how you got awnser.

Hard to find Lincolns Budget Project Print Item 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 October 30,000 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 Three pounds of materials are required for each unit produced. Each pound of material costs Desired ending inventory for September is 25,200 pounds of material. Beginning inventory for 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 fixed overhead of $22,000 The company pays a 3% commission on sales. The Company has fixed selling and administrative expenses as follows: Rent 6 m Budget Project Print Item Check My Work Correct G. Prepare an ending finished goods inventory budget for the quarter. (Hint: You have already calculated the desired endin unit fixed factory overhead.rate to two decimal places.) Jones Corporation Ending Finished Goods Inventory Budget Desired ending inventory 25,200 X Direct materials Direct labor 49,200 X Overhead: Variable overhead 172,200 X Fixed overhead 66,000 X Unit cost 3,363,528 X Feedback Check My Work Incorrect dant Es Check My Work 4 more Check My Work uses remaining Budget Project Print Item 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 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 OSS: Income tax expense 2x Quindid Less: Cost of goods sold Less: Fixed selling and administrative expenses Less: Income tax expense Less: Sales TUTOCK MY WORK Partially correct Incorrect 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 X Operating income Less: Cost of goods sold dude Less: Cost of goods sold Less: Income tax expense Less: Sales Hard to find Lincolns Budget Project Print Item 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 October 30,000 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 Three pounds of materials are required for each unit produced. Each pound of material costs Desired ending inventory for September is 25,200 pounds of material. Beginning inventory for 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 fixed overhead of $22,000 The company pays a 3% commission on sales. The Company has fixed selling and administrative expenses as follows: Rent 6 m Budget Project Print Item Check My Work Correct G. Prepare an ending finished goods inventory budget for the quarter. (Hint: You have already calculated the desired endin unit fixed factory overhead.rate to two decimal places.) Jones Corporation Ending Finished Goods Inventory Budget Desired ending inventory 25,200 X Direct materials Direct labor 49,200 X Overhead: Variable overhead 172,200 X Fixed overhead 66,000 X Unit cost 3,363,528 X Feedback Check My Work Incorrect dant Es Check My Work 4 more Check My Work uses remaining Budget Project Print Item 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 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 OSS: Income tax expense 2x Quindid Less: Cost of goods sold Less: Fixed selling and administrative expenses Less: Income tax expense Less: Sales TUTOCK MY WORK Partially correct Incorrect 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 X Operating income Less: Cost of goods sold dude Less: Cost of goods sold Less: Income tax expense Less: Sales