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Your answer is correct. Prepare a schedule showing the calculation of the cost of goods sold for 2022. Prepare a budgeted income statement for 2022
Your answer is correct. Prepare a schedule showing the calculation of the cost of goods sold for 2022. Prepare a budgeted income statement for 2022 Prepare a budgeted income statement for 2022 Question 12 of 12 2/4 View Policies Show Attempt History Current Attempt in Progress Wildhorse Compary has accumulated the following budget data for the year 2022 : 1. Sales: 32,100 units; unit selling price $77 2. Cost of one unit of finished goods: direct materials, 2kg at $5 per kilograms direct labour, 3 hours at $12 per hour, and manufacturing overhead, $6 per direct labour hour 3. Inventories (raw materials only): beginning, 10,300 kg: ending. 14,500kg 4. Raw materials cost: $5 per kilogram 5. Selling and administrative expenses: $196,000 6. Income taxes: 30% of income before income taxes sUPPORT
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