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No grade (practice only): Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 12,000 units at $45.00 each.
No grade (practice only): Ceder Company has compiled the following data for the upcoming year:
- Sales are expected to be 12,000 units at $45.00 each.
- Each unit requires 3 pounds of direct materials at $2.10 per pound.
- Each unit requires 1.6 hours of direct labor at $12.00 per hour.
- Manufacturing overhead is $3.10 per unit.
- Beginning raw materials inventory is $3,600.00.
- Ending raw materials inventory is $4,250.00.
- Selling and administrative costs totaled $136,020.
Required:
1.Determine Ceder's budgeted cost of goods sold.(Do not round the intermediate values.)
Budgeted Cost of goods sold =
2.Complete Ceder's budgeted income statement.(Do not round the intermediate values.)
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