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Vaughn Company has accumulated the following budget datafor the year 2022 1. Sales: 31,320 units, unit selling price $85. 2. Cost of one unit of

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Vaughn Company has accumulated the following budget datafor the year 2022 1. Sales: 31,320 units, unit selling price $85. 2. 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. Inwentories (raw materials only) beginning, 10,300 pounds: ending. 15,190 pounds. 4. Selling and administrative expenses: $170,000 interest expense: $30,000. 5. Income taxes: 20% of income before income taxes. Prepare a schedule showing the computation of cost of goods sold for 2022 . Prepare a budgeted multiple-step income statement for 2022

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