Ceder Company has compiled the following data for the upcoming year: . Sales are expected to be 15,000 units at $55 each. . Each unit requires 4 pounds of direct materials at $2.70 per pound. . Each unit requires 1.5 hours of direct labor at $18 per hour. . Manufacturing overhead is $3.70 per unit. . Beginning direct materials inventory is $4,200. . Ending direct materials inventory is $5,150. . Selling and administrative costs totaled $136,920. 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. Note: Do not round the intermediate values. Budgeted Cost of Goods Sold