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 requir . 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. es 3 pound s of direct materials at $2.90 per pound. Required 1. Determine Ceder's budgeted cost of goods sold. (Do not round the intermediate values.) Cost of Goods Sold 2. Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Income Statement Budgeted Sales Revenue Budgeted Gross Margin 2. Complete Ceder's budgeted income st tatement. (Do not round the intermediate values.) CEDER CORP Budgeted Income Statement Budgeted Sales Revenue Budgeted Gross Margin Budgeted Net Operating Income References eBook & Resources O Type here to search 2. Complete Ceder's budgeted income statement. (Do not round the intermediate values.) CEDER CORP Budgeted Contribution Margin Budgeted Cost of Goods Sold Budgeted Interest Expense Budgeted Sales Returns and Allowances Budgeted Net Operating Income eBook & Resources References O Type here to search