Pargo Company is preparing its budgeted income statement for 2020 . Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,400,000 units. Quarterly sales are 20%,25%,26%, and 29%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $46 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales for the first quarter of 2020 . Production. Management desires to maintain the ending finished goods inventories at 22% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $10 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 496,000 pounds. Pargo budgets 0.3 hours of direct labor per unit, labor costs at $12 per hour, and manufacturing overhead at $18 per direct labor hou Its budgeted selling and administrative expenses for 2020 are $6,595,000. Calculate the budgeted total unit cost. (Round answer to 2 decimal places, eg. 12.25.) Total unit cost $ eTextbook and Media Prepare the budgeted multiple-step income statement for 2020. (Ignore income taxes.)