Starts Inc. gathered the following data for use in developing the budgets for the first quarter (January, February, March) of its fiscal year:

a. Estimated sales at $42

per unit:

January	350,000	units
February	375,000	units
March	400,000	units
April	400,000	units

b. Estimated finished goods inventories:

January 31	17,000	units
Feb. 28	8%	of next months sales
March 31	8%	of next months sales
April 30	8%	of next months sales

c. Work in process inventories are estimated to be insignificant (zero).

d. Estimated direct materials inventories:

Jan. 31	22,000	pounds
Feb. 28	28,000	pounds
March 31	32,000	pounds
April 30	35,000	pounds

e. Manufacturing costs:

	Per Unit
Direct materials (1.25 lbs. per unit $4 per lb.)	$ 5.00
Direct labor (0.75 hr. per unit $18 per hr.)	13.50
Variable factory overhead ($7 per direct labor hour)	5.25
Fixed factory overhead ($1,500,000 per month allocated using 500,000 units)	3.00
Total per-unit manufacturing costs	$26.75

Prepare the following budgets

Sales Budget

Production Budget

Direct Materials Budget

Direct Labor Budget

Factory Overhead Budget

Cost of Goods Sold Budget