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Shadee Corporation expects to sell 530 sun shades in May and 360 in June. Each shade sells for $167. Shadee's beginning and ending finished goods

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Shadee Corporation expects to sell 530 sun shades in May and 360 in June. Each shade sells for $167. Shadee's beginning and ending finished goods inventories for May are 80 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $500 each. Shadee expects to have 130 in direct materials inventory on May 1.80 poles in inventory on May 31 , and 110 poles in inventory on June 30 . Suppose that each shade takes three direct labor hour to produce and Shadee pays its workens 15 per houn Additionally. Shadee's fixed manufacturing overhead is $11,000 per month, and varrable manufacturing ovemead is $13 per unit produced. Additional information? - Selling costs are expected to be 11 percent of sales. - Fixed administrative expenses per month totai $1,700. Required: Prepare Shadee's budgeted income stotement foc the months of Moy ond June: Note: Do not round your intermediate colculations. Round your answers to 2 decimal ploces. X. Answer is not complete

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