How do you calculate beginning finished goods inventory from the following information: Pelican Recreation produces and sells kayaks for recreational use. The average sales price for a kayak is $250. The company expects to sell 50,000 units this quarter. Ending inventory is planned to be 3% of expected sales, but at the start of this quarter the company had 1,000 units in stock. Direct materials are $15 per unit. The direct labor rate is $19 per hour and each kayak requires 30 minutes of labor. Overhead is applied using direct labor hours at $6 per hour. Using this information, prepare the COGS budget by completing the template provided