Question $1(10$ marks; $18$ minutes$)$

Play$-$Disc makes Frisbee$-$type plastic discs. Each $12$ inch plastic disc has the following manufacturing costs:

$\backslash$table$[[$Direct materials,R$16\mathrm{.}70],[$Direct labour,R$5\mathrm{.}60],[$Variable overhead,R$7\mathrm{.}20],[$Fixed overhead,R$18\mathrm{.}00],[$Total$,$R$47\mathrm{.}50]]$

For the coming year, Play$-$Disc expects to make $300000$ plastic discs, and to sell $285000$ of them. Budgeted beginning inventory in units is $16000$ with unit cost of R$47\mathrm{.}50.$ There is no beginning or ending inventories of work in process.

Required:

$1\mathrm{.}1$ Prepare an ending finished goods inventory budget for Play$-$Disc for the coming year.

$(4)$

$1\mathrm{.}2$ Prepare a cost of goods sold budget for Play$-$Disc for the year.

$(6)$