Redball Inc. is a producer of high quality basketball and running shoes. The company expects to...

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Redball Inc. is a producer of high quality basketball and running shoes. The company expects to sell 36,000 athletic shoes for $198 each in 2022. Direct materials costs are $20, direct labor is $12, and manufacturing overhead is $8 for each pair of shoes. The following inventory levels apply to 2022 Direct materials Work-in-process inventory units Finished goods inventory 5,000 units Beginning Inventory Estimated Ending Inventory 14,000 units 12,000 units units 6,000 units Do not enter dollar signs or commas in the input boxes. Do no use the negative sign. a) How many shoes need to be produced in 2022? Budgeted sales units stimated ending inventory units 6000 Beginning inventory units Budgeted units to produce Ending direct materials units 36000 5000 b) What is the amount budgeted for direct material purchases in 2022? Budgeted units to produce Cost per unit 37000 Beginning direct materials units Budgeted direct material units to purchase Budgeted direct material purchases (dollars) 37000 Budgeted cost of goods manufactured 12000 14000 36000 c) What is the amount budgeted for cost of goods manufactured in 2022? Budgeted units to produce 740000 Redball Inc. is a producer of high quality basketball and running shoes. The company expects to sell 36,000 athletic shoes for $198 each in 2022. Direct materials costs are $20, direct labor is $12, and manufacturing overhead is $8 for each pair of shoes. The following inventory levels apply to 2022 Direct materials Work-in-process inventory units Finished goods inventory 5,000 units Beginning Inventory Estimated Ending Inventory 14,000 units 12,000 units units 6,000 units Do not enter dollar signs or commas in the input boxes. Do no use the negative sign. a) How many shoes need to be produced in 2022? Budgeted sales units stimated ending inventory units 6000 Beginning inventory units Budgeted units to produce Ending direct materials units 36000 5000 b) What is the amount budgeted for direct material purchases in 2022? Budgeted units to produce Cost per unit 37000 Beginning direct materials units Budgeted direct material units to purchase Budgeted direct material purchases (dollars) 37000 Budgeted cost of goods manufactured 12000 14000 36000 c) What is the amount budgeted for cost of goods manufactured in 2022? Budgeted units to produce 740000

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SOLUTION To calculate the amount budgeted for the cost ... View the full answer