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Ceder Company has compiled the following data for the upcoming year: Sales are expected...

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Accounting

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Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 12,000 units at $45.00 each. Each unit requires 3 pounds of direct materials at $2.10 per pound. Each unit requires 1.6 hours of direct labor at $12.00 per hour. Manufacturing overhead is $3.10 per unit. Beginning direct materials inventory is $3,600.00. Ending direct materials inventory is $4,250.00. . Selling and administrative costs totaled $136,020. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement

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