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!


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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