Same question

Weygandt, Financial & Hanagerial Accounting, 2e Help 1 System Announcements Question 1 Fultz Company has accumulated the following budget data for the year 2017 1 Sales: 30,000 units, unit selling price $85 Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $15 per hour, and manufacturing overhead $5 per direct labor hour Inventories (rew materials only): beginning, 10,000 pounds; ending, 15,000 pounds Selling and administrative expenses: $170,000; interest expense: $30,000 Income taxes: 30% of income before income taxes. 4. S. Prepare a schedule showing the computation of cost of goods sold for 2017 FULTZ COMPANY of Cost of Goods Sold Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total Cost of Goods Sold Prepare a budgeted multiple-step income statement for 2017 8 0