PR 21-3 Budgeted Income statement and supporting Budgets OBJ.4 SPREADSHEET The budget director of Gold Medal Athletic Co with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March 2014 a. Estimated sales for March: Batting helmet................................................ 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit b. Estimated inventories at March 1: Finished products: Direct materials: 40 units at $25 per unit Plastic 90 lbs. Batting helmet Foam ning 80 lbs. Football helmet 240 units at $77 per unit c. Desired inventories at March 31: Direct materials: Finished products: Plastic 50 lbs. Batting helmet 50 units at $25 per unit Foam lining 65 lbs. Football helmet 220 units at $78 per unit