BACK- CALCULATOR STANDARD VIEW PRINTER VERSION NE xercise 9-13 ultz Company has accumulated the following budget data for the year 2017. ? Sales: 31,480 units, unit selling price $89. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per 2. hour, and manufacturing overhead $6 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,270 pounds; ending, 15,380 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. FULTZ 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 LINK TO TEXT VIDEO: APPuED SKILLS VIDEO: S?M?LAR EXERC?SE Prepare a budgeted multiple-step income stateient for 2017. FULTZ COMPANY Budgeted Income Statement