year 2016. 2) From the following details provided by Nutshell Inc., prepare the cost of goods sold budget for the Direct material per unit Direct labor hours per unit $65 Direct labor rate per hour 2 hours Manufacturing overhead cost per direct labor hour $50 Beginning inventory units $20 Selling price per unit 1,000 $250 First Second Third Fourth Quarter Quarter Budgeted units to be produced Quarter Quarter 15,000 18,000 21,000 24,000 Assume that Nutshell Inc. has no closing stock at the end of each month. Nutshell Inc. Cost of Goods Sold Budget For the Year Ended December 31, 2016 First Second Third Fourth Quarter Quarter Quarter Quarter Beginning Inventory 3) Fly GenX Inc. has the following budgeted sales for the next quarter. Month: 2 Units 10,000 11,000 12,000 Inventory of finished goods on hand at the beginning of the quarter is 4,000 units. The company desires to maintain ending inventory equal to beginning inventory plus 1,000 units every month. Calculate the quantity to be produced during the quarter. First Second Third Quarter Quarter Quarter Sales units