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Kingbird Company has accumulated the following budget data for the year 2022 : 1 Sales: 31,600 units; unit selling price $82 2 Cost of one
Kingbird Company has accumulated the following budget data for the year 2022 : 1 Sales: 31,600 units; unit selling price $82 2 Cost of one unit of finished goods: direct materials, 2kg at $5 per kilogram; direct labour, 3 hours at $12 per hour, and manufacturing overhead, \$6 per direct labour hour 3. Inventories (raw materials only): beginning, 9,400kg; ending, 15,000kg 4. Raw materials cost: $5 per kilogram 5. Selling and administrative expenses: $192,000 6. Income taxes: 30% of income before income taxes (a) Your answer is partially correct. Prepare a schedule showing the calculation of the cost of goods sold for 2022 Prepare a schedule showing the calculation of the cost of goods sold for 2022 eTextbookand Media Attempts: 1 of 2 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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