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Acct232 Cost of Goods Sold Budget Play-Dise makes Frisbee-type plastic...

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Accounting

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Cost of Goods Sold Budget Play-Dise makes Frisbee-type plastic discs. Each 12 -inch diameter plastic dise has the following manufacturing costs: For the coming year, Dhay-Disc expects to make 400,000 plastic discs, and to sell 384,000 of them. Budgeted beginning inventory in units is 18,000 with unit cost of $5,10. (There are no beginning or ending inventories of work in process.) Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. 2. Prepare a cost of goods sold budget for Play. Disc for the year. roneck my won. To calculate endisg inventory: (Beginning + Produced - Sold) Total Unit cost. 3. What if the beginning inventory of finighed goods was $90,900 (for 18,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the Fifo method.) The cost of goods sold would: to 1 x

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