24, 2

Concord Company has accumulated the following budget data for the year 2022 . 1. Sales: 31,230 units, unit selling price \\( \\$ 88 \\). 2. Cost of one unit of finished goods: direct materials 1 pound at \\( \\$ 5 \\) per pound, direct labor 3 hours at \\( \\$ 12 \\) per hour, and manufacturing overhead \\( \\$ 8 \\) per direct labor hour. 3. Inventories (raw materials only): beginning, 10,400 pounds; ending, 15,210 pounds. 4. Selling and administrative expenses: \\( \\$ 170,000 \\); interest expense: \\( \\$ 30,000 \\). 5. Income taxes: \20 of income before income taxes. (a) Prepare a schedule showing the computation of cost of goods sold for 2022