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Bridgeport Company has accumulated the following budget data for the year 2022. 1. Sales: 46,500 units, unit selling price $50. 2. Cost of one unit
Bridgeport Company has accumulated the following budget data for the year 2022. 1. Sales: 46,500 units, unit selling price $50. 2. Cost of one unit of finished goods: Direct materials 2 pounds at $4 per pound, direct labor 1.5 hours at $14 per hour, and manufacturing overhead $6 per direct labor hour. 3. Inventories (raw materials only): Beginning, 10,000 pounds; desired ending, 15,000 pounds. 4. Raw materials cost: $4 per pound. 5. Selling and administrative expenses: $210,000. 6. Income taxes: 20% of income before income taxes. Prepare a schedule showing the computation of budgeted cost of goods sold for 2022. BRIDGEPORTCOMPANY Computation of Cost of Goods Sold $ > ta $
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