Prepare Crane & Hill's ending inventory and cost of goods sold budget for the first quarter. Assuming that the company has no beginning and ending WIP inventory.

Mark Robinson, Crane & Robinson Fabricators' production manager, has just received the company's sales budget for the first quarter: January February March 21,000 24,000 $2,000 6,000 9.000 27,000 3.200 Budgeted unit sales Budgeted ending inventory Total units required Beginning inventory Budgeted production 23,800 8,000 32,000 6.000 26,000 41,000 8,000 33.000 Quarter 77,000 9,000 86,000 3,200 82,800