Cullumber Company has accumulated the following budget data for the year 2020 1. 2 Sales: 31.230 units, unit selling price $89. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $13 per hour, and manufacturing overhead $7 per direct labor hour. Inventories (raw materials only): beginning, 10,170 pounds; ending. 15,490 pounds. Selling and administrative expenses: $170.000; interest expense: $30,000. Income taxes: 30% of income before income taxes. 3. 4. 5. (a) Prepare a schedule showing the computation of cost of goods sold for 2020