CALCULATO Question 17 Walt Bach Company has accumulated the following budget data for the year 2019, 1. 2. 3. 4. S. Sales: 40,000 units, unit selling price $50. Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 1.5 hours at $12 per hour, and manufacturing overhead $6 pe Inventories (raw materials only): Beginning, 10,000 pounds; ending, 15,000 pounds. Raw materials cost: $5 per pound. Selling and administrative expenses: $200,000 Prepare a schedule showing the computation of cost of goods sold for 2019. WALT BACH COMPANY Computation of Cost of Goods Sold For the Year Ending December 31, 2019 V v N. Prepare a budgeted income statement for 2019. WALT BACH COMPANY Budgeted Income Statement For the Year Ending December 31, 2019