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Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 16,000 units at $45.00 each. Each unit requires 3
Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 16,000 units at $45.00 each. Each unit requires 3 pounds of direct materials at $2.90 per pound. Each unit requires 1.7 hours of direct labor at $12.00 per hour. Manufacturing overhead is $3.90 per unit. Beginning raw materials inventory is $4,400.00. Ending raw materials inventory is $5,450.00. Selling and administrative costs totaled $137,220. Determine Ceder's budgeted cost of goods sold. Complete Ceder's budgeted income statement
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