how can i do budgeted ending inventory

ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders equity Total liabilities and equity $ 69,000 432,000 86,000 348,480 935,480 614,000 (157,000) 457,000 $ 1,392,480 $ 178,700 19,000 197,700 515,000 712,700 342,000 337,780 679,780 $ 1,392,480 To prepare a master budget for April, May, and June of 2017, management gathers the following information a. Sales for March total 18,000 units. Forecasted sales in units are as follows April 18,000: May, 17,000; June, 20,700, and July 18,000 Sales of 247,000 units are forecasted for the entire year. The product's selling price is $30.00 per unit and its total product cost is $24.20 per unit b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements The March 31 raw materials inventory is 4.300 units, which complies with the policy. The expected June 30 ending raw materials Inventory is 4.700 units Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unt sales The March 31 finished goods Inventory is 14,400 units, which complies with the policy. d. Each finished unit requires 0.50 hours of direct laborat a rate of $22 per hour e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $3.40 per direct tabor hour Depreciation of $27.850 per month is treated as fixed factory overhead. 1. Sales representatives commissions are 8% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3.700 9. Monthly general and administrative expenses include $19,000 administrative salaries and 0.6% monthly interest on the long-term note payable h. The company expects 20% of sales to be for cash and the remaining 80% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale) 1. All raw materials purchases are on credit, and no payables artse from any other transactions. One month's raw materiais purchases J. The minimum ending cash balance for all months is $55.000 if necessary, the company borrows enough cash using a short-term note to reach the minimum Short-term notes require an interest payment of 1% at each month-end (before any repayment) If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance k. Dividends of $17,000 are to be declared and paid in May ZIGBY MANUFACTURING June 18,540 0.50 Raw Materials Budget April, May, and June 2017 April May Production budget (units) 17,200 19,960 Materials requirements per unit 0.50 0.50 Materials needed for production 8,600 9,980 Budgeted ending inventory Total materials requirements (units) Beginning inventory Materials to be purchased Material price per unit Budgeted raw material purchases 9,270