Light Up Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year $2020.$

$($Click the icon to view the information.$)$

Calculate $(1)$ the cost of goods sold budget $($label it Schedule $7)(2)$ the operating $($nonmanufacturing$)$ costs budget $($label it Schedule $8)$ and $(3)$ the operating income budget for the year endi

December$312020.$

$(1).$ Begin by calculating $(1)$ the cost of goods sold budget $($label it Schedule $7)$ for the year ending December $31,2020.$

Schedule $7$: Cost of Goods Sold Budget

for the Year Ending December $31,2020$

Data table