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Required Informetion [The following information applies to the questions displayed below] Shadee Corporation expects to sell 600 sun shades in Moy and 800 in June.

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Required Informetion [The following information applies to the questions displayed below] Shadee Corporation expects to sell 600 sun shades in Moy and 800 in June. Each shade seils for \$180. Shadee's beginning ond ending finlshed goods inventorles for May are 75 and 50 shades, respectvely Ending finished goods inventory for June will be 60 shades. Each shade requires a total of $40 in direct matenials that includes 4 adjustable poles that cost $5.00 each Shadee expects to have 120 poles in direct matenals inventory on May 1, 80 poles in inventory on May 31 , and 100 poles in inventory on June 30 . Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $9 per hour Additionally, Shadee's fixed manufacturing overhead is $10.000 per month, and variable manufocturing overthead is $13 per unit produced Aditional information - Seling costs are expected to be 6 percent of soles - Foxed administrotive expenses per month total $12.000 Requlred: Prepare Shodee's budgeted income statement for the months of May and June Note: Do not round your intermediote calculations

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