Projected Direct Manufacturing Labor Data Projected direct manufacturing labor requirements and rates for 2020 are: Budget Data The Socha Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2019, Socha's budget department gathered the following data to prepare budgets for 2020: (Click the icon to view the budget data.) 'Click the icon to view the actual and projected direct materials data.) (Click the icon to view the projected direct manufacturing labor data.) Manufacturing overhead is allocated at the rate of $22 per direct manufacturing labor-hour. Read the requirements. Requirement 7. Prepare the budgeted finished-goods inventory at December 31, 2020 (in dollars). Begin by calculating finished goods for Thingone, then calculate Thingtwo and the total budgeted finished goods. (For entries with a $0 balance, make sure to enter "0" in the appropriate field.)