Sales: $31,330$ units, unit selling price $$88.$

Cost of one unit of finished goods: direct materials $1$ pound at $$5$ per pound, direct labor $3$ hours at $$12$ per hour, and manufacturing overhead $$7$ per direct labor hour.

$3.$ Inventories $($raw materials only$)$: beginning, $10,220$ pounds; ending, $15,410$ pounds.

$4.$ Selling and administrative expenses: $$170,000$; interest expense: $$30,000.$

$5.$ Income taxes: $20\%$ of income before income taxes.

Budgeted Income Statement

For the Year Ending December $31,2025$

$