 Hello in this lecture, we're gonna continue on the master budget and we will continue to the next piece being the budgeted costs of goods Manufactured let's take a quick recap of where we have been so far once again We had to start off and we do have to do these in order with the sales budget and the production budget Then the raw materials budget the direct materials budget the factory overhead budget the selling budget General administrative cash type accounts so that we could then make the cash budget Now we're going to go on to the budget for cost of goods manufactured Obviously, this seems like a awfully long process, but if we break it down to the pieces It's really not so bad when we look at it all as a whole it could look quite Intimidating alright, so we're gonna start off with the raw materials now remember There's three pieces to the cost of goods manufactured what goes into our inventory process raw materials labor and overhead So we're gonna start off with the raw material Now I'm gonna start off with the raw materials inventory at the beginning of the time period so we're gonna start off with