The Sharpe Batling Company manufactures wood baseball bats. Sharpe's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-aged players. Sharpe sells the bals to sporting goods stores and all sales are on account. The youth bat sells for $50; the adult bat sells for $75. Sharpe's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Sharpe's balance sheet for December 31, 2018, and other data for the first quarter of 2019 follow: (Click the icon to view the balance sheet) A (Click the icon to view the other data.) Sales Budget X Read the requirements Direct labor cost per bal Manufacturing overhead cost per bal Direct materials cost per bat Youth Bats Adult Bats $ 6.00 $ 6.00 5.00 5.00 18.00 24.30 $ 29.00 $ 35.30 Sharpe Batting Company Sales Budget For the Quarter Ended March 31, 2019 Adult Youth Total projected manufacturing cost per bat for 2019 Bats Bats Total 4.400 Budgeted bats to be sold Sales price per unit 1,000 50 $ 3,400 75 $ Production Budget $ 50,000 $ 255,000 $ 305.000 Total sales Now prepare the cost of goods sold budget. Review the sales budget you prepared above. Review the production budget you prepared above. Sharpe Batting Company Cost of Goods Sold Budget For the Quarter Ended March 31, 2019 Print Done Youth Adult Sharpe Batting Cor Production Bud For the Quarter Ended March 31, 2019 Youth Adult Bats Bats Total Beginning inventory Bats Bats Total Bats produced and sold in 1st quarter of 2019 1.000 Total budgeted cost of goods sold 3,400 450 4,400 700 250 Budgeted bats to be sold Plus: Desired bats in ending inventory Total bats needed Less: Bats in beginning inventory Choose from any list or enter any number in the input fields and then click Check Answer. 1.250 650 3,850 840 5,100 1,490 2 600 1 part 3,010 3,610 remaining Budgeted bats to be produced Check