Required: Prepare the following for January 2019 . Cost of goods sold budget. Work in process at the beginning of January estimated to be $24,000, and work in process at the end of January desired to be $28,000 8. Prepare a budgeted income statement tantes #2: El estudiante preparar un presupuesto operacional. capaci The Budget director of Florida Corp., wit for use in developing the budgeted income statement for January 2019:data h your assistance, has gathered the Tol A. Estimated sales for January: 2,000 units at $60 per unit Football helmet.... 8,000 units at $180 per unit B. Estimated inventories (beginning) at January1 Direct materials: Finished products: Batting helmet.... 200 units at $30 per unit Football helmet... 240 units at $85 per unit C. Desired inventories (ending) at January 31: Finished products: Batting helmet......230 units at $30 per unit Direct materials: D. Direct materials used in production: In manufacture of batting helmet: Plastic... In manufacture of football helmet: ...3.50lbs. per unit of product Foam lining1.50lbs. per unit of product Anticipated cost of purchases and beginning and ending inventory of direct materials: $7.00 per lb. E. Foam lining.. $4.50 per lb. F. Direct labor requirements: Batting helmet: Assembly Football helmet: Molding Department.... Assembly Department. 190 hours at $18 per hour G.Estimated factory overhead costs for January: Indirect factory wa $100,000 ...8,000 18,000 H. Es timated operating expenses for January: 36,400 4,800 2,800 Telephone expense-administrative. Travel expense-sellin.. Office supplies expene Miscelleneous administrative 1,000 12,000 1,500 1,200 I. Estimated other income and expense for January: 3,000 20% J. Estimated Tax rate