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Pronghorn Company has accumulated the following budget data for the year 2 0 2 2 . Sales: 4 7 , 5 0 0 units, unit

Pronghorn Company has accumulated the following budget data for the year 2022.
Sales: 47,500 units, unit selling price $55.
Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 1.5 hours at $14 per hour, and manufacturing overhead $6 per direct labor hour.
Inventories (raw materials only): Beginning, 10,000 pounds; desired ending, 15,000 pounds.
Raw materials cost: $5 per pound.
Selling and administrative expenses: $215,000,
Income taxes: 20% of income before income taxes.
(a)
Prepare a schedule showing the computation of budgeted cost of goods sold for 2022.
\table[[PRONGHORNCOMPANY],[Computation of Cost of Goods Sold],[For the Year Ending December 31,2022,vv
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