Work in process inventory , ending 100 Finished goods inventory , beginning 80 Finished goods inventory , ending 110 Use the above data to prepare ( in thousands of dollars ) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year . In addition , what is the impact on the financial statements if the ending finished goods inventory is overstated or understated ? 4 . Question : ( TCO F ) Walker Corporation is preparing its cash budget for November . The budgeted beginning cash balance is $ 43,000 . Budgeted cash receipts total $ 117,000 and budgeted cash disbursements total $ 122,000 . The desired ending cash balance is $ 55,000 . The company can borrow up to $ 100,000 at any time from a local bank , with interest not due until the following month . Required : Prepare the company ' s cash budget for November in good form . Make sure to indicate what borrowing , if any , would be needed to attain the desired ending cash balance 5 . Question : ( TCO F ) Bella Lugosi Holdings , Inc . ( BLH ), has collected the following operating information for its current month ' s activity . Using this information , prepare a flexible budget analysis to determine how well BLH performed in terms of cost control . Static Budget Activity level ( in units ) 5,250 5,178 Variable costs : Indirect materials $ 24,182 $ 23,476 Utilities $ 22,356 $ 22,674