7 Ceder Company has compiled the following data for the upcoming year: 1 points Sales are expected to be 12,500 units at $46.00 each. Each unit requires 2 pounds of direct materials at $2.20 per pound. Each unit requires 1.7 hours of direct labor at $13.00 per hour. Manufacturing overhead is $3.20 per unit. Beginning direct materials inventory is $3,700.00. Ending direct materials inventory is $4,400.00. Selling and administrative costs totaled $136,170. eBook References 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