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Ceder Company has compiled the following data for the upcoming year: - Sales are expected to be 16,500 units at $53 each. - Each unit
Ceder Company has compiled the following data for the upcoming year: - Sales are expected to be 16,500 units at $53 each. - Each unit requires 2 pounds of direct materials at $2.50 per pound. - Each unit requires 2.2 hours of direct labor at \$14 per hour. - Manufacturing overhead is $5.00 per unit. - Beginning direct materials inventory is $5,500. - Ending direct materials inventory is $7,100. - Selling and administrative costs totaled $138,870. Required: 1. Determine Ceder's budgeted cost of goods sold. 2. Complete Ceder's budgeted income statement. Determine Ceder's budgeted cost of goods sold. Note: Do not round the intermediate values. Complete Ceder's budgeted income statement. Nnte. nn not rnund the intermediate valups
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