Sunland Company has accumulated the following budget data for the year 2020, 1. Sales: 31,490 units, unit selling price $87, 2 Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $13 per hour, and manufacturing overhead $8 per direct labor hour 3. Inventories Iraw materials only): beginning, 10,485 pounds: ending. 15 420 pounds. 4. Selling and administrative expenses: $170,000, interest expense: $30,000 5. Income taxes: 30% of income before income taxes. (a) Prepare a schedule showing the computation of cost of goods sold for 2020. SUNLAND COMPANY Computation of Cost of Goods Sold Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total $ Cost of Goods Sold Budgeted Income Statement