Fultz Company has accumulated the following budget data for the year 2020.

1. Sales: 31,410 units, unit selling price $89.

2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour.

3. Inventories (raw materials only): beginning, 10,240 pounds; ending, 15,220 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 2020.

Prepare a schedule showing the computation of cost of goods sold for 2020 . eTextbook and Media Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) The parts of this question must be completed in order. This part will be available when you complete the part above