heffield Company has accumulated the following budget data for the year 2022.

1.		Sales: 31,410 units, unit selling price $85.
2.		Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour.
3.		Inventories (raw materials only): beginning, 10,120 pounds; ending, 15,480 pounds.
4.		Selling and administrative expenses: $170,000; interest expense: $30,000.
5.		Income taxes: 20% of income before income taxes.

(a)

Prepare a schedule showing the computation of cost of goods sold for 2022.

SHEFFIELD COMPANY Computation of Cost of Goods Sold choose the accounting period For the Year Ending December 31, 2022For the Quarter Ending December 31, 2022December 31, 2022
Cost of one unit of finished goods:
Direct materials		$enter a dollar amount
Direct labor		enter a dollar amount
Manufacturing overhead		enter a dollar amount
Total		$enter a total amount
Cost of Goods Sold		$enter the cost of goods sold in dollars