Current Attempt in Progress

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

Sales: $27,000$ units; unit selling price $$79$

Cost of one unit of finished goods: direct materials, $2kg$ at $$5$ per kilogram; direct labour, $3$ hours at $$11$ per hour; and manufacturing overhead, $$6$ per direct labour hour

Inventories $($raw materials only$)$: beginning, $10,100kg$; ending, $13,700kg$

Raw materials cost: $$5$ per kilogram

Selling and administrative expenses: $$202,000$

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

$($b$)$

Prepare a budgeted income statement for $2022.$

BLOSSOM COMPANY

Budgeted Income Statement For the Year Ending December $31,2022$