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Coronado Company has accumulated the following budget data for the vear 2022: Sales: 27,200 units: unit selling price $79 Cost of one unit of finished
Coronado Company has accumulated the following budget data for the vear 2022: Sales: 27,200 units: unit selling price $79 Cost of one unit of finished goods: direct materials. 2 kg at $5 per kilogram: direct labour. 3 hours at $12 per hour; and manufacturing overhead. $6 per direct labour bour Inventories (raw materials only): beginning, 11,000 kg; ending, 14,300 kg Raw materials cost: $5 per kilogram Selling and administrative expenses: $193.000 SIncome taxes:30% orincom oberore income raxes (a) Prepare a schedule showing the calculation of the cost of goods sold for 2022 CORONADO COMPANY Computation of Cost of Goods Sold For the Year Ending December 31, 2022
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