4) Norwood Company manufactures and sells to a company manufactures and sells two models of...
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4) Norwood Company manufactures and sells to a company manufactures and sells two models of bracelets, Puma and Lynx. It expects to sell units of Puma and 1,300 units of Lynx in 2019. The following estimates are given for 2019: Selling price Direct materials Direct labor Manufacturing overhead Puma $200 60 70 40 Lynx $500 90 150 150 Vorwood had an inventory of 240 units of Puma and 125 units of Lynx at the end of 2018. It has decided hat as a measure to counter stock outages it will maintain ending inventory of 350 units of Puma and 230 units of Lynx Each Lynx bracelet requires one unit of gypsum and has to be imported at a cost of $13. There were 10 units of gypsum in stock at the end of 2018. The management does not want to have any stock of gypsum at the end of 2019. What is the total budgeted cost of goods manufactured in 2019
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