1:30 PM / Remaining: 113 min. CALCULATOR FULL SCREEN PRINTER VER Question 5 Flint Company has accumulated the following budget data for the year 2017 1. Sales: 31,330 units, unit selling price $88. 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 57 per direct labor hour. 3 Inventories (raw materials only): beginning, 10,220 pounds; ending, 15,410 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000 5. Income taxes: 30% of income before income taxes. Prepare a schedule showing the computation of cost of goods sold for 2017 FLINT COMPANY Computation of Cost of Goods Sold Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total Cost of Goods Sold Policy | 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. O earch BE E M Gradebook ORION Downloadable eTextbook ment : 01:30 PM / Remaining: 113 min. Cost of Goods Sold Prepare a budgeted multiple-step income statement for 2017 FLINT COMPANY Budgeted Income Statement > C Click if you would like to Show Work for this questions Open Show Work tiyacy Policy I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. e to search o RI 99. xo