Fultz Company has accumulated the following budget data for the year 2017.

1.		Sales: 31,160 units, unit selling price $88.
2.		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.
3.		Inventories (raw materials only): beginning, 10,280 pounds; ending, 15,490 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:

Cost of one unit of finished goods:

Direct Materials: $___

Direct Labor: $___

Manufacturing Overhead: $___

TOTAL: $___

COST OF GOODS SOLD: $___

Prepare a budgeted multi-step income statement for 2017:

_____: $___

_____: $___

_____: $___

_____: $___

_____: $___

_____: $___

_____: $___

_____: $___

_____: $___