Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017.

Calculate (1) the budgeted unit costs of ending finished-goods inventory on December 31, 2017 (label it Schedule 6A) and (2) the ending inventories budget on December 31, 2017 (label it Schedule 6B).

Transcribed Image Text:

Direct materials Product Knox Ayer Target ending inventory in units 2,000 1,000 Metal $ 3 per pound (same as in 2016) Fabric $ 4 per yard (same as in 2016) Direct manufacturing labor $20 per hour Machine setup overhead $130 per hour Content of Each Product Unit Knox Ayer Metal 2 pounds 3 pounds Fabric 1 yard 1.5 yards Direct manufacturing labor 0.15 hours 0.2 hours Machine setup overhead 0.03 hours 0.05 hours Direct Materials Metal Fabric Target ending inventory 10,000 pounds 5,000 yards