Ceder Company has compiled the following data for the upcoming year . Sales are expected to be 13,000 units at $55.00 each Each unit requires 4 pounds of direct materials at $3.30 per pound. . Each unit requires 1.5 hours of direct labor at $16.00 per hour Manufacturing overhead is $4.30 per unit. Beginning raw materials inventory is $4,800.00 Selling and administrative costs totaled $137,820 Ending raw materials inventory is $6,050.00 Required: 1. Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Budgeted Cost of Goods Sold 2. Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Income Statement Budgeted Sales Revenue udgeted Cost of Goods Sold Budgeted Gross Margin Budgeted Selling and Administrative Expenses Budgeted Net Operating Income