Texas Rex, Inc.

Ending Finished Goods Inventory Budget

For the year ending December 31, 2018

Logo T-shirts 5,920

Unit Cost $6.91

Total Ending Inventory $40,907.20

Calculations

Total ending inventory = logo t-shirt x unit

5,920 x 6,91 =40,907.20

Logo T-shirt	5,920
Unit cost	6.91
Total ending inventory (5,920 x 6.91)	$40,907.2

Total Ending Inventory = 5,920 x 6.91

= $40,907.2

= $40,907 (Rounded to whole dollar)

Direct Materials $4.00

Direct Labor $1.20

Overhead $1.71

Total Unit Cost $6.91

Texas Rex, Inc.

Cost of Goods Sold Budget

For the year ending December 31, 2018

Direct Materials Used

Direct Labor Used

Overhead ____________

Budgeted Manufacturing Costs

Beginning Finished Goods ____________

Cost of Goods Available for Sale

Less Ending Finished Goods _____________

Budgeted Cost of Goods Sold

( show work please for understanding)