Question

The Mata Batting Company manufactures wood baseball bats. Mata​'s two primary products are a youth​ bat, designed for children and young​ teens, and an adult​ bat, designed for high school and​ college-aged players. Mata sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $20; the adult bat sells for $40. Mata​'s highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Mata​'s balance sheet for December 31​, 2018​, and other data for the first quarter of 2019 ​follow:

INFORMATION:

Mata Batting Company Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets S 45,000 21,600 3,450 14,540 $84,590 Property, Plant, and Equipment: Equipment 135,000 Less: Accumulated Depreciation (70,000) 65,00

QUESTION: Now prepare the cost of goods sold budget.

FILL IN THE BLANKS:

Answer 1

Solution:

Cost of Goods Sold Budget
For the Quarter Ended March 31, 2019
	Youth Bats	Adult Bats	Total
Budgeted bats to be sold (A)	1900	2900
Project Manufacturing Cost Per Bat for 2019 (B)	$14	$16.70
Cost of Goods Sold Budget (A * B)	$26,600	$48,430	$75,030

Cost of Goods Sold means the cost related to the units sold.

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