Ceder Company has compiled the following data for the upcoming year:

• Sales are expected to be 16,000 units at $52.00 each.
• Each unit requires 4 pounds of direct materials at $2.40 per pound.
• Each unit requires 2.1 hours of direct labor at $13.00 per hour.
• Manufacturing overhead is $4.90 per unit.
• Beginning direct materials inventory is $5,400.00.
• Ending direct materials inventory is $6,950.00.
• Selling and administrative costs totaled $138,720.

Required:

1. Determine Ceder's budgeted cost of goods sold.

2. Complete Ceder's budgeted income statement.

Ceder Company has compiled the following data for the upcoming year: . Sales are expected to be 16,000 units at $52.00 each. Each unit requires 4 pounds of direct materials at $2.40 per pound. Each unit requires 21 hours of direct labor at $13.00 per hour. Manufacturing overhead is $4.90 per unit. Beginning direct materials inventory is $5,400.00. Ending direct materials inventory is $6,950.00. Selling and administrative costs totaled $138,720. 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 Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted Cost of Goods Sold Ceder Company has compiled the following data for the upcoming year: . Sales are expected to be 16,000 units at $52.00 each. Each unit requires 4 pounds of direct materials at $2.40 per pound. Each unit requires 21 hours of direct labor at $13.00 per hour. Manufacturing overhead is $4.90 per unit. Beginning direct materials inventory is $5,400.00. Ending direct materials inventory is $6,950.00. Selling and administrative costs totaled $138,720. 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