This is my first project and I'm really pleased with how it turned out. I made two racks - one for adult size and one for the kids with a narrower gap between the dowels. Hardest part was routing the back to make the French cleat hanger slightly recessed so that the board would hang near the wall. It also took me a while to make the large drill bit work ok and I had to start over on the other side of the board when it chewed up some of the edge of the initial holes. I used an excel file to figure out the spacing and amount of materials. Thank you Ana for the inspiration and detailed instructions. Definitely given me the woodworking bug now.
Including 1 1/4 drill bit - $16
Dowels total of $24
Plank was only $10
Also bought a dremel to do the routing but didn't include this as I could have hung it without that.