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

• Sales are expected to be 16,500 units at $53.00 each.
• Each unit requires 2 pounds of direct materials at $2.50 per pound.
• Each unit requires 2.2 hours of direct labor at $14.00 per hour.
• Manufacturing overhead is $5.00 per unit.
• Beginning raw materials inventory is $5,500.00.
• Ending raw materials inventory is $7,100.00.
• Selling and administrative costs totaled $138,870.

Required: 1. Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) 2. Complete Ceder's budgeted income statement. (Do not round the intermediate values.)