Skulas, Inc., manufactures and sells snowboards. Skulas manufactures a single model, the Pipex. In late 2017, Skulas's management accountant gathered the following data to prepare budgets for January 2018:

Data Table X Data Table Budgeted balances at January 31, 2018 are as follows: Materials and Labor Requirements Cash Direct materials Wood Fiberglass Direct manufacturing labor Accounts receivable 10 board feet (b.f.) per snowboard 8 yards per snowboard 5 hours per snowboard Property, plant, and equipment (net) 853,000 Accounts payable Long-term liabilities Stockholders' equity Skulas' CEO expects to sell 2,000 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 300 snowboards and would like to end January 2018 with 500 snowboards in stock. 181,000 Direct Materials Inventories Selected budgeted information for December 2017 follows: Beginning Inventory 1/1/2018 2,030 b.f. 1,030 yard:s Ending Inventory 1/31/2018 Cash balance, December 31, 201713,000 Budgeted sales Budgeted materials purchases Wood 1,530 b.f. 1,660,000 Fiberglass 2,030 yards 640,000 Customer invoices are payable within 30 days. From past experience, Skulas's accountant projects 35% of invoices will be collected in the month invoiced, and 65% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 25% of direct materials purchases paid during the month of the purchase, and 75% paid in the month following purchase Other data include: 2018 Unit Price $ 33.00 per b.f. 8.00 per yard 27.00 per hour 28.00 per hour 2017 Unit Price Wood Fiberglass Direct manufacturing labor S 31.00 per b.f. per yard Fixed manufacturing overhead costs include S31,000 of depreciation costs and fixed nonmanufacturing overhead costs include $9,000 of depreciation costs. Direct manufacturing PrintDone Print Done