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. 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 valu Budgeted Cost of Goods Sold Required 1 Required 2 > Complete this question by entering your answers in the tabs below Required 1 Required 2 ped Complete Ceder's budgeted income statement. (Do not round the intermedia bok CEDER CORP. Budgeted Income Statement int ences Budgeted Gross Margin Budgeted Net Operating Income