Ceder Company has compiled the following data for the upcoming year: . . Sales are...
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Ceder Company has compiled the following data for the upcoming year: . . Sales are expected to be 14,500 units at $61.00 each. Each unit requires 4 pounds of direct materials at $2.10 per pound. Each unit requires 1.8 hours of direct labor at $19.00 per hour. Manufacturing overhead is $4.60 per unit. Beginning direct materials inventory is $5,100.00. Ending direct materials inventory is $6,500.00. Selling and administrative costs totaled $138,270. . Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers the tabs below. Required 1 Required 2 Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted Cost of Goods Sold
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