Requirement Using information from the sales budget and the following information, calculate the budgeted cost of goods sold for Mitchell Inc. The product's manufacturing cost is $121 per unit, including per unit costs of $52 for materials (4 lbs. at $13 per lb.), $44 for direct labor (2 hours x $22 direct labor rate per hour), $17 for variable overhead, and $8 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on production equipment, $3,200; factory utilities, $4,000, and other factory overhead of $888. Show less A Cost of Goods Sold Budget For the year ended December 31, 2018 Cost of goods sold