During $2020($the entire year$)$ Bonzo's Boards expects to sell $600$ skateboards.

What is the budgeted cost of Skateboards manufactured for $2020?$

What is the budgeted cost of Decks purchased for $2020?$

What is the budgeted cost of Hardware Packages purchased for $2020?$

What is budgeted dollar value of ending Finished Skateboard inventory?

What is the budgeted dollar value of ending Deck inventory?

What is the budgeted dollar value of ending Hardware Package inventory?

How much income does Bonzo's Boards expect to make if they sell $500$ skateboards in $2020$ and

have budgeted Selling & Administrative expenses of $$20,000($assume no income taxes$)?$

Bonzo's Boards makes reasonably high$-$end skateboards which sell for $$400$ each. The production

process is fairly simple and involves assembling components purchased from various suppliers. Since

each skateboard only takes one hour to assemble, there is essentially no work$-$in$-$process inventory.

Bonzo's Boards has the capacity to make $2,000$ skateboards per year.

Costs for the skateboard components are:

Each board should take one hour of direct labor to assemble. Direct labor wages are $$50$ per hour.

Other manufacturing costs on a monthly basis are:

Inventory balances are as follows $($Bonzo$\text{'}$s uses FiFO inventory cost flow assumption$)$: