Question: Please help and show work Water Filter Systems, Inc. has accumulated the following budget data for the year 2022. 1. Sales: 24,500 units, unit selling

Please help and show work Water Filter Systems, Inc. has accumulated the

Please help and show work

Water Filter Systems, Inc. has accumulated the following budget data for the year 2022. 1. Sales: 24,500 units, unit selling price $99. 2. Cost of one unit of finished goods: Direct materials 1.5 pounds at $4 per pound, direct labor 2.0 hours at $19 per hour, and manufacturing overhead $3 per direct labor hour. 3. Inventories (raw materials only) Beginning: 7,200lbs., Ending 8,100lbs. 4. Raw materials cost: $6 per pound. 5. Selling and administrative expenses: $44,700. 6. Income taxes: 25% of income before income taxes. Instructions (a) Prepare a schedule showing the computation of cost of goods sold for 2022. (b) Prepare a budgeted income statement for 2022

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