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Joshua plans to have 3,808 finished bricks at a cost of $33,320 in inventory at the beginning of the year. The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12 per direct labor hour for fixed manufacturing overhead and $0.70 per direct labor hour for variable manufacturing overhead. Prepare Sunland & Hills ending inventory and cost of goods sold budget for the first quarter. Assuming that the company has no beginning and ending WIP inventory. (Round unit cost to 3 decimal places, e.g. 0.533 & all other answers to 0 decimal places, e.g. 5,275.)

Direct Materials
select an item Ending DM InventoryDM ReturnedDM PurchasesBeginning DM InventoryDM used in Production		Enter a dollar amount
select an item Beginning DM InventoryDM used in ProductionDM ReturnedEnding DM InventoryDM Purchases		Enter a dollar amount
select an item Ending DM InventoryDM used in ProductionDM ReturnedDM PurchasesBeginning DM Inventory		Enter a dollar amount
Select a closing Direct Materials budget item DM ReturnedBeginning DM InventoryDM PurchasesDM used in ProductionEnding DM Inventory		Enter a total amount for the Direct Materials budget

Finished goods inventory
Select an opening section name OverheadEnding FG Inventory ($)Direct LaborUnit CostsEnding FG Inventory (units)Total Std. Cost per unitDirect Material
Select an item Ending FG Inventory ($)Direct LaborEnding FG Inventory (units)Unit CostsTotal Std. Cost per unitOverheadDirect Material		Enter a dollar amount
Select an item OverheadUnit CostsTotal Std. Cost per unitDirect MaterialDirect LaborEnding FG Inventory (units)Ending FG Inventory ($)		Enter a dollar amount
Select an item Ending FG Inventory (units)Total Std. Cost per unitDirect LaborDirect MaterialEnding FG Inventory ($)Unit CostsOverhead		Enter a dollar amount
select a closing section name Total Std. Cost per unitDirect LaborEnding FG Inventory ($)OverheadUnit CostsDirect MaterialEnding FG Inventory (units)		Enter a total amount for this section
Select an item Total Std. Cost per unitDirect LaborUnit CostsOverheadDirect MaterialEnding FG Inventory (units)Ending FG Inventory ($)		Enter a number of units
Select a closing Finished Goods Inventory budget item Direct LaborEnding FG Inventory ($)Unit CostsTotal Std. Cost per unitDirect MaterialEnding FG Inventory (units)Overhead		Enter a total amount for the Finished Goods Inventory budget

Cost of goods sold
Select an opening cost of goods sold budget item Budgeted COGSOverheadBeginning WIPEnding WIPEnding FG InventoryCOGMTotal Mfg. CostDirect LaborDirect Materials usedBeginning FG Inventory		Enter a dollar amount
Select an item Total Mfg. CostDirect Materials usedDirect LaborBeginning WIPCOGMOverheadEnding WIPBudgeted COGSEnding FG InventoryBeginning FG Inventory		Enter a dollar amount
Select an item Budgeted COGSTotal Mfg. CostEnding WIPOverheadBeginning WIPEnding FG InventoryCOGMBeginning FG InventoryDirect LaborDirect Materials used		Enter a dollar amount
Select an item Beginning WIPDirect Materials usedTotal Mfg. CostCOGMOverheadBudgeted COGSDirect LaborBeginning FG InventoryEnding FG InventoryEnding WIP		Enter a dollar amount
Select a summarizing line for the first part Direct Materials usedBeginning WIPEnding FG InventoryCOGMBudgeted COGSTotal Mfg. CostBeginning FG InventoryEnding WIPDirect LaborOverhead		Enter total amount for the first part
Select an item Beginning WIPEnding WIPTotal Mfg. CostCOGMDirect Materials usedBeginning FG InventoryBudgeted COGSDirect LaborOverheadEnding FG Inventory		Enter a dollar amount
Select a summarizing line for the second part COGMBeginning FG InventoryBudgeted COGSDirect Materials usedOverheadEnding WIPEnding FG InventoryBeginning WIPTotal Mfg. CostDirect Labor		Enter a total amount for the second part
Select an item OverheadTotal Mfg. CostBeginning WIPEnding FG InventoryCOGMDirect LaborEnding WIPDirect Materials usedBudgeted COGSBeginning FG Inventory		Enter a dollar amount
Select an item Direct Materials usedOverheadBeginning WIPCOGMEnding FG InventoryBeginning FG InventoryDirect LaborEnding WIPBudgeted COGSTotal Mfg. Cost		Enter a dollar amount
Select a closing cost of goods sold budget item COGMDirect LaborEnding WIPBudgeted COGSTotal Mfg. CostDirect Materials usedEnding FG InventoryOverheadBeginning FG InventoryBeginning WIP		Enter a total amount for the cost of goods sold budget

Joshua Hill, Sunland & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter: January February March Quarter Budgeted unit sales 13,600 26,520 23,800 63,920 Budgeted ending inventory 5,304 4,760 3,944 3,944 Total units required 18,904 31,280 27,744 67,864 Beginning inventory 3,808 5,304 4,760 3,808 Budgeted production 15,096 25,976 22,984 64,056 Its manufacturing overhead budget for the first quarter is as follows: January February March Quarter DLH worked 3,774 6,494 5,746 16,014 VOH per DLH $0.70 $0.70 $0.70 $0.70 Budgeted VOH Budgeted FOH 2,642 76,500 79,142 4,546 76,500 81,046 4,022 76,500 80,522 11,210 229,500 240,710 Total Budgeted MOH Noncash MOH items Depreciation 20,400 $58,742 20,400 20,400 $60,646 $60,122 61,200 $179,510 Total Cash MOH cost He also has received the direct materials purchases budget and direct labor budget which were as follows: January February March Quarter April Budgeted production 15,096 25,976 64,056 18,904 Standard pounds per unit x 5 x 5 x 5 x5 Production needs 94,520 22,984 *5 114,920 9,452 124,372 75,480 12,988 88,468 Budgeted ending inventory 129,880 11,492 141,372 320,280 9,452 329,732 Total DM required (lbs.) Beginning inventory 12,852 12,988 11,492 12,852 Budgeted purchases (lbs.) 75,616 $0.40 128,384 $0.40 112,880 $0.40 316,880 $0.40 Standard cost per pound Budgeted purchases cost $30,246 $51,354 $45,152 $126,752 January February March Quarter Budgeted production 15,096 25,976 22,984 64,056 Standard DLH per x 0.25 x 0.25 x 0.25 x 0.25 unit Total DLH required 3,774 6,494 16,014 5,746 $20 Standard wage rate $20 * $20 * $20 Budgeted DL cost $75,480 $129,880 $114,920 $320,280