Crane Company has accumulated the following budget data for the year 2025. 1. Sales: 31,230 units, unit selling price $85. 2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,130 pounds; ending, 15,380 pounds, 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 20% of income before income taxes. CRANE COMPANY Computation of Cost of Goods Sold For the Year Ending December 31, 2025 Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total Cost of Goods Sold $ 36 24 $ 65