To determine the cost of tires produced and sold each$$ period, multiply the units produced and sold each quarter by the projected manufacturing cost per tire $($$$15\mathrm{.}20).$ For the$$ second, third, and fourth$$ quarters, the units produced and sold will equal the units sold$($from the sales$$ budget$).$ For the first$$ quarter, we need to back out the units in beginning inventory from the units sold to determine the units produced and sold during the quarter. Go ahead and complete the cost of goods sold budget.