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

Sales are expected to be $12,500$ units at $$46$ each.

Each unit requires $2$ pounds of direct materials at $$2\mathrm{.}20$ per pound.

Each unit requires $1\mathrm{.}7$ hours of direct labor at $$13$ per hour.

Manufacturing overhead is $$3\mathrm{.}20$ per unit.

Beginning direct materials inventory is $$3,700.$

Ending direct materials inventory is $$4,400.$

Selling and administrative costs totaled $$136,170.$

Required:

Determine Ceder's budgeted cost of goods sold.

Complete Ceder's budgeted income statement.

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Required $1$

Determine Ceder's budgeted cost of goods sold.

Note: Do not round the intermediate values.

Budgeted Cost of Goods Sold