Ceder Company has compiled the following data for the upcoming year Sales are expected to be 14,500 units at $50.00 each. Each unit requires 3 pounds of direct materials at $2.60 per pound. Each unit requires 1.4 hours of direct labor at $17.00 per hour Manufacturing overhead is $3.60 per unit . Beginning raw materials inventory is $4,100.00. Ending raw materials inventory is $5,000.00. .Selling and administrative costs totaled $136,770 Required: 1. Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) dgeted Cost of Goods Sold 2. Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Gross Margn Budgeted Net Operating income Book &Resources