8 E8-15 (Algo) Preparing Budgeted Income Statement [LO 8-3h) 1.66 points Ceder Company has compiled the following data for the upcoming year: cBook Sales are expected to be 14.500 units at $61.00 each. Each unit requires 4 pounds of direct materials at $2.10 per pound. Each unit requires 1.8 hours of direct labor at $19.00 per hour. Manufacturing overhead is $4.60 per unit. Beginning direct materials inventory is $5,100.00 Ending direct materials inventory is $6,500.00 Selling and administrative costs totaled $138,270. Print so 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