Spring Manufacturing Company makes two components identified as C12 and D57. Selected budgetary data for 2019 follow:

	Finished Components
	C12				D57
Requirements for each finished component:
RM 1		10	pounds			8	pounds
RM 2		0				4	pounds
RM 3		2	pounds			1	pound
Direct labor		2	hours			3	hours
Product information:
Sales price	$	160			$	250
Sales (units)		12,000				12,000
Estimated beginning inventory (units)		400				200
Desired ending inventory (units)		300				200

	Direct Materials Information
	RM1				RM2				RM3
Cost per pound	$	6			$	4.50			$	0.50
Estimated beginning inventory in pounds		3,500				1,200				500
Desired ending inventory in pounds		4,100				1,400				2,000

The firm expects the average wage rate to be $25 per hour in 2019. Spring Manufacturing uses direct labor hours to apply overhead. Each year the firm determines the overhead application rate for the year based on budgeted direct labor hours for the year. The firm maintains negligible Work-in-Process Inventory and expects the cost per unit for both beginning and ending inventories of finished products to be identical.

	Factory Overhead Information
Indirect materialsvariable	$	15,000
Miscellaneous supplies and toolsvariable		5,400
Indirect laborvariable		45,000
Supervisionfixed		120,000
Payroll taxes and fringe benefitsvariable		260,000
Maintenance costsfixed		18,000
Maintenance costsvariable		10,050
Depreciationfixed		71,340
Heat, light, and powerfixed		43,400
Heat, light, and powervariable		11,000
Total	$	599,190

	Selling and Administrative Expense Information
Advertising	$	61,000
Sales salaries		240,000
Travel and entertainment		55,000
Depreciationwarehouse		4,900
Office salaries		60,000
Executive salaries		300,000
Supplies		3,800
Depreciationoffice		6,300
Total	$	731,000
Prepare the Cost of goods sold and ending finished goods inventory budgets for 2019.

SPRING MANUFACTURING COMPANY Ending Finished Goods Inventory and Budgeted CGS For the Year 2019 C12 D57 Total Sales volume Cost per unit Cost of goods sold 24,000 Ending finished goods inventory Cost per unit Budgeted ending inventories