Do It! Review 21-3 (Part Level Submission) Pargo Company is preparing its budgoted for Salos. Sales for the year are expected to total 1,500,000 units, Quarterly sales are and $45 per unit beginning in the fourth quarter. Sales in the first of Proactin. Management desires to maintain the ending finished goods menores at 20% ortho inoome statement for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. 22%, 2s, 23%, and 30%, respectivey The sales proe s quarter of 2018 are expected to be 13% higher than the budgeted sales for the first quarter of 2017 next quarter budgeted sios volume. o ponder en s or test aater of 2018 10 perpo d Mads and manufacturing u et desresto ma tan raw maten s tomantan raw materials iwomones at 10%ofthe next quarter's production mn es at 10% o the neu qua en p en n equirements. Assume the production requirements for first quarter of 2018 are 509,000 pounds ts. Ass methere maine Pargo budgets 0. 6,956,000 2 hours of direct labor per unt labor costs at $12 per hour, overhead at $17 per direct labor hour. Its budgeted selling and administrative expenses for 2017 are r (a) ] Your answer is incorrect. Try again Calculate the budgeted total unit cost.(Round answer to 2 decimal places, ag. 12.25) Total unit cost 30 48 Prepare the budgeted multiple-step income statement for 2017. (ignore income taxes) PARGO COMPANY Budgeted Income Statement