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

Sales are expected to be 15,000 units at $41.00 each.

Each unit requires 2 pounds of direct materials at $2.00 per pound.

Each unit requires 1.5 hours of direct labor at $15.00 per hour.

Manufacturing overhead is $3.00 per unit.

Beginning raw materials inventory is $3,500.00.

Ending raw materials inventory is $4,100.00.

Selling and administrative costs totaled $135,870.00.

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

	Budgeted Cost of Goods Sold

2. Complete Ceder's budgeted income statement.

CEDER CORP.
Budgeted Income Statement
Budgeted Sales Revenue
Budgeted Cost of Goods Sold
Budgeted Gross Margin
Budgeted Selling and Administrative Expenses
Budgeted Net Operating Income