2 Fultz Company has accumulated the following budget data for the year 2020. Sales: 31.410 units, unit selling price $85. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour. 3. Inventories (raw materials only): beginning. 10.120 pounds; ending, 15,480 pounds. Selling and administrative expenses: $170,000: interest expense: $30,000. Income taxes: 30% of income before income taxes. 2. 4. 5. Part 1 Prepare a schedule showing the computation of cost of goods sold for 2020. FULTZ COMPANY Computation of Cost of Goods Sold $ Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total Cost of Goods Sold Prepare a budgeted multiple step income statement for 2020. FULTZ COMPANY Budgeted Income Statement > > $ Attempts: 0 of 1 used Submit A