Wolt Bach Comowy has accumulated to following budget data for the year 2016 1 Sales: 40,000 units, unit selling price $50 Cost of one unit of finished poods Direct materis 2 poundsats per pound, director 15 hours 512 per hour, 2 and manufacturing overhead per direct labor hour 3 Inventaries (ww materials and tegning 10.000 pounds ending 15.000 pounds Raw materials coat: 55 per pound 5 Selling and administrative expenses $200.000 Income taxes 30% of income before income 4 Prepare a schedule showing the computation of cost of goods sold for 2016 WALT BACH COMPANY Computation of Cost of Goods Sold For the Year Ending December 31, 2016 eTextbook and Media Prepare a budete income statement for 2016 WALT BACHCOMPANY Budgeted Income Statement For the Year Ending December 31, 2016 DIO Testhook and Media