ACME Corporation produces scarves for all occasions in a variety of designer colours. 2022 Master budget data is as follows:

Quarter	1 (Jan - Mar)	2 (Apr - Jun)	3 (Jul - Sep)	4 (Oct - Dec)	Total
Sales (units)	15,000	18,000	21,000	24,000	78,000
Unit Price	$100	$100	$100	$100	-
Production (units)	18,000	21,600	25,200	28,800	93,600
Raw material required per unit (yards)	1.5	1.5	1.5	1.5	-
Raw material price per yard	$20	$20	$20	$20	-
Direct labour hours per unit	2	2	2	2	-
Direct labour rate	$20	$20	$20	$20	-
Manufacturing overhead allocations per unit	$10	$10	$10	$10	-
Selling, general and administrative expenses	$195,000	$195,000	$195,000	$195,000	$780,000

Required: For the Third (3rd) quarter of 2022 a) Calculate ACME Corporation's cost of goods sold - please show your calculations. (3 marks) b) Prepar ACME Corporation's budgeted multi-step income statement; ignore interest and taxes. (4 marks)

A template for your answer is provided below.

a) Cost of goods sold = $

Calculations:

b)