7 Ceder Company has compiled the following data for the upcoming year: 1 points Skipped Sales are expected to be 15,000 units at $62.00 each. Each unit requires 2 pounds of direct materials at $2.20 per pound. Each unit requires 1.9 hours of direct labor at $20.00 per hour. Manufacturing overhead is $4.70 per unit. Beginning direct materials inventory is $5,200.00. Ending direct materials inventory is $6,650.00. Selling and administrative costs totaled $138,420. 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