Waterway Company has accumulated the following budget data for the year 2022 1. Sales: 31,310 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. Imventories (raw materials only): beginning. 10,100 pounds; ending, 15,400 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 20% of income before income taxes. (a) - Youranswer is partially correct. Prepare a schedule showing the computation of cost of goods sold for 2022