Wilt Hisch Conosry has orcumsioned the folowing budget dab for the year 2019. 1. Salien 40.000 unte unk ming poicesis3. 4. Selife and adviritsative evponer 5200000 bustruction Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total WALT BACH COMPANY Budgefed Income Statement For the Yeic Fndine December 31: 2049 Sales Covt of soods sold Grois profit Seline and administrotro expenses income betore income tivet kome tax axpense. Net linceren Walt Bach Company has accumulated the followire budget data for the year 2019 . 1. 5ales: 40,000 unitw unit sellag price 555 . 2. Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 15 hours at $16 per hour, and mancifacturing overhead 56 per direct boor hour. 3. Inventories (raw materials only) Beginning. 10.000 pounds, ending. 15,000 pounds. 4. Seling and administrative expenses: $200000 . 5. Income taxes 300 K of income before income taxes. Instructions (a) Prepare a schedule showing the computation of cost of goods soid for 2019 (b) Prepare a budgeted income statement for 2019. onvcoursest16066/quizes/91312/take