Coronado Company has accumulated the following budget data for the year $2022$:

Sales: $27,200$ units; unit selling price $$79$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 $31,2022$

$

Direct labour

Manufacturing overhead

Cost of one unit of finished goods: direct materials, $2kg$ at $$5$ per kilogram; direct labour, $3$ hours at $$12$ per hour; and

manufacturing overhead, $$6$ per direct labour hour

Inventories $($raw materials only$)$: beginning, $11,000$ kg; ending, $14,300$ kg

Raw materials cost: $$5$ per kilogram

Selling and administrative expenses: $$193,000$

Income taxes: $30\%$ of income before income taxes