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E8-15(Algo) Preparing Budgeted Income Statement [LO 8-3h] Ceder Company has compiled the following data...

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Accounting

E8-15(Algo) Preparing Budgeted Income Statement [LO 8-3h]
Ceder Company has compiled the following data for the upcoming year:
Sales are expected to be 14,000 units at $56 each.
Each unit requires 2 pounds of direct materials at $2.50 per pound.
Each unit requires 2.0 hours of direct labor at $16 per hour.
Manufacturing overhead is $3.50 per unit.
Beginning direct materials inventory is $4,000.
Ending direct materials inventory is $4,850.
Selling and administrative costs totaled $136,620.
Required:
Determine Ceder's budgeted cost of goods sold.
Complete Ceder's budgeted income statement.
Complete this question by entering your answers in the tabs below.
Required 1
Determine Ceder's budgeted cost of goods sold.
Note: Do not round the intermediate values.
Budgeted Cost of Goods Sold
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