Current Attempt in Progress Edward Walker, Bonita \&. Walker Fabricators' production manager, has just received the company's sales budget for the first quarter Its manufacturing overhead budget for the first quarter is as follows: Its manufacturing overhead budget for the first quarter is as follows: He also has received the direct materials purchases budget and direct labor budget which were as follows: Joshua plans to have 3,200 finished bricks at a cost of $46,000 in inventory at the beginning of the year. The company applies manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.25 per direct labor hour for fixed manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. manufacturing overhead based on direct labor hours, and the current predetermined rates are $12.25 per direct labe manufacturing overhead and $1.75 per direct labor hour for variable manufacturing overhead. Prepare Bonita \& Hill's ending inventory and cost of goods sold budget for the first quarter. Assuming that the compar beginning and ending WIP inventory. (Round unit cost to 2 decimal places, eg. 5.33 \& all other answers to 0 decimal places, Finished Goods Inventory $ Cost of Goods Sold