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

	Sales are expected to be 13,500 units at $55.00 each.
	Each unit requires 4 pounds of direct materials at $2.40 per pound.
	Each unit requires 1.9 hours of direct labor at $15.00 per hour.
	Manufacturing overhead is $3.40 per unit.
	Beginning raw materials inventory is $3,900.00.
	Ending raw materials inventory is $4,700.00.
	Selling and administrative costs totaled $136,470.

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 Gross Margin
Budgeted Net Operating Income