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E8-15 (Algo) Preparing Budgeted Income Statement [LO 8-3h) Ceder Company has compiled the following data...

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E8-15 (Algo) Preparing Budgeted Income Statement [LO 8-3h) Ceder Company has compiled the following data for the upcoming year, . Sales are expected to be 14,000 units at $60.00 each. Each unit requires 3 pounds of direct materials at $3.50 per pound. Each unit requires 17 hours of direct labor at $18.00 per hour. Manufacturing overhead is $4.50 per unit. Beginning direct materials inventory is $5,000.00. Ending direct materials inventory is $6,350.00. Selling and administrative costs totaled $138,120. . . . Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Complete this question by entering your answers in 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 Required 2 > Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Ending Sales Inventory 475 125 Beginning Inventory 100 875 90 130 890 730 85 925 1,300 120 780 165 160 820 760 275

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