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Bramble Company has accumulated the following budget data for the year 2022. 1. Sales: 31,380 units, unit selling price $90. 2. Cost of one unit

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Bramble Company has accumulated the following budget data for the year 2022. 1. Sales: 31,380 units, unit selling price $90. 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 $6 per direct labor hour. 3. Inventories (raw materials only: beginning 10,370 pounds ending, 15,270 pounds. 4. Selling and administrative expenses: $170,000, interest expense: $30,000. 5. Income taxes: 20% of income before income taxes. Prepare a schedule showing the computation of cost of goods sold for 2022. BRAMBLE COMPANY Computation of Cost of Goods Sold Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total Cost of Goods Sold Prepare a budgeted multiple-step income statement for 2022

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