Exercise 13-13 Swifty Company has accumulated the following budget data for the year 2017. 1. Sales: 31,360 units, unit selling price $87, 2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $13 per hour, and manufacturing overhead $8 per direct labor hour 3. Inventories (raw materials only): beginning, 10,360 pounds; ending, 15,500 pounds 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 30% of income before income taxes. Prepare a schedule showing the computation of cost of goods sold for 2017 SWIFTY COMPANY Computation of Cost of Goods Sold Cost of one unit of Finished goods Direct materials Direct labor Manufacturing overhead Total A yPLUS nt> Open Assignment SWIFTY COMPANY Click if you would like to Show Work for this question: 2s ho Wor Rights Reserved Division of