Fultz Company has accumulated the following budget data for the year 2020. 1. Sales: 31,480 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, manufacturing overhead $6 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,270 pounds; ending, 15,380 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. FULTZ COMPANY Computation of Cost of Goods Sold For the Year Ending December 31, 2020 Cost of one unit of finished goods: Direct materials $ Direct labor 66 Manufacturing overhead 18 Total $ 59 Cost of Goods Sold $ 1857320 e Textbook and Media FULTZ COMPANY Budgeted Income Statement $ >