Fultz Company has accumulated the following budget data for the year 2020. 1. 2. 3. Sales: 31,450 units, unit selling price $85. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $13 per hour and manufacturing overhead $6 per direct labor hour. Inventories (raw materials only): beginning. 10,330 pounds; ending. 15,230 pounds. Selling and administrative expenses: $170,000; interest expense: $30,000 Income taxes: 30% of income before income taxes. 4. 5. aur answer has been saved. See score details after the due date. e a schedule chain FULTZ COMPANY Budgeted Income Statement $ Prepare a schedule showing the computation of cost of goods sold for 2020 FULTZ COMPANY Computation of Cost of Goods Sold For the Ww Endine December 31, 2020 Cost of one unit of finished goods: Direct materials $ Direct labor 39 Manufacturing overhead 18 Total $ 63 Cost of Goods Sold 1,983,650