Projected Unit Sales Donaldson Co. Projected Unit Sales June-August 20x3 Note: Ending inventory balance [in units) is maintained at 15% of next month's budgeted sales. Email from Accounting Manager To: David Bishop, Cost Accountant From: Molly Russel, Accounting Manager RE: Manufacturing Costs Hi David, Below is the information you need to prepare the budgeted cost of goods sold schedule for July. Direct material usage 3 pounds per unit Cost of direct material 39 per pound Direct labor hour 2.5 hours per unit Direct labor cost $16 per direct labor hour Variable overhead application rate $2 per direct labor hour Fixed overhead application rate (in June) $2.50 per unit Note: Fixed overhead for the year is allocated evenly to each month, based on June's rate. Thanks, Molly Complete Donaldson's cost of goods sold budgets forlune and July 20x3. Enter the appropriate amounts in the associated cells. Enter all amounts as positive numbers rounded to the nearest integer. Round interim calculations to the nearest hundredth. A B C 1 june july Beginning finished goods . $656,000 inventory 123 123 3 Direct materials costs 123 123 4 Direct labor costs 123 123 5 Variable overhead costs 123 123 6 Fixed overhead costs 123 123 7 Ending finished goods inventory 123 123 8 Cost of goods sold