E$8-15($Algo$)$ Preparing Budgeted Income Statement $[$LO $8-3$h$]$

Ceder Company has compiled the following data for the upcoming year:

Sales are expected to be $14,500$ units at $$50$ each.

Each unit requires $3$ pounds of direct materials at $$2\mathrm{.}60$ per pound.

Each unit requires $1\mathrm{.}4$ hours of direct labor at $$17$ per hour.

Manufacturing overhead is $$3\mathrm{.}60$ per unit.

Beginning direct materials inventory is $$4,100.$

Ending direct materials inventory is $$5,000.$

Selling and administrative costs totaled $$136,770.$

Required:

Determine Ceder's budgeted cost of goods sold.

Complete Ceder's budgeted income statement.

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Required $1$

Determine Ceder's budgeted cost of goods sold.

Note: Do not round the intermediate values.

Budgeted Cost of Goods Sold