Question: PLEASE HELP ANSWER THE FULL QUESTION, HAVING DIFFUCULTY. THANK YOU! Exercise 21-13 Fultz Company has accumulated the following budget data for the year 2017. 1.

PLEASE HELP ANSWER THE FULL QUESTION, HAVING DIFFUCULTY. THANK YOU!

PLEASE HELP ANSWER THE FULL QUESTION, HAVING DIFFUCULTY. THANK YOU! Exercise 21-13Fultz Company has accumulated the following budget data for the year 2017.

Exercise 21-13 Fultz Company has accumulated the following budget data for the year 2017. 1. Sales: 31,410 units, unit selling price $85. 2. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour. 3. Inventories (raw materials only): beginning, 10,120 pounds; ending, 15,480 pounds. 4. Selling and administrative expenses: $170,000 nterest 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

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