Ceder Company has compiled the following data for the upcoming year Sales are expected to be 13,500 units at $55.00 each Each unit requires 4 pounds of direct materials at $2.40 per pound, Each unit requires 19 hours of direct labor at $15.00 per hour Manufacturing overhead is $3.40 per unit Beginning direct materials inventory is $3,900.00 Ending direct materials inventory is $4700.00 Selling and administrative costs totaled $136,470, . . 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 i Required 2 Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted cost of Good Sold Required 2 > Sales are expected to be 13,500 units at $55.00 each Each unit requires 4 pounds of direct materials at $240 per pound Each unit requires 19 hours of direct labor at $15.00 per hour Manufacturing overhead is $3.40 per unit Beginning direct materials inventory is $3,900.00 Ending direct materials inventory is $4,700.00 Selling and administrative costs totaled $136,470 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 Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Income Statement Budgeted Gross Margin Budgeted Net Operating Income