Question 18 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 1,300,000 units. uarterly sales are 22% 23% 23%, and 32% espectively. The sales price is expected to be $40 per unit for the first three quarters and $47 per unit beginning in the fourth quarter Sales in the first quarter of 2021 are expected to be 13% higher than the budgeted sales for the first quarter of 2020 Production. Management desires to maintain the ending fin shed goods inventories at 19% of the next quarter's budgeted sales volume. finished goods Inventor rect materials. Each unit ro res 2 pounds o raw mate als at a cost of $10 per p und Management des res to ma tain aw materials nventories at 20% o the next quarter s production re rements. Assume the er ents for roduction re rs Quarter of 2021 are 510,000 pounds. Pargo budgets 0.4 hours of direct labor per unit labor costs at11 per hour, and manufacturing overhead at $17 per direct labor hour. Its budgeted selling and administrative expenses for 2020 are $6,526,000 Calculate the budgeted total unit cost. (Round answer to 2 decimal places, eg. 12.25.) Total unit cost LINK TO TEXT Prepare the budgeted multiple-step income statement for 2020. (Ignore income taxes.) PARGO COMPANY Prepare the budgeted multiple-step income statement for 2020. (Ignore income taxes.) PARGO COMPANY Click if you would like to Show Work for this question: enShow Work