Ceder Company has compiled the following data for the upcoming year:
• Sales are expected to be 13,500 units at $55.00 each.
• Each unit requires 4 pounds of direct materials at $2.40 per pound.
• Each unit requires 1.9 hours of direct labor at $15.00 per hour.
• Manufacturing overhead is $3.40 per unit.
• Beginning raw materials inventory is $3,900.00.
• Ending raw materials inventory is $4,700.00.
• Selling and administrative costs totaled $136,470. Required:
1.
Determine Ceder's budgeted cost of goods sold.

Budgeted cost of goods sold-
2.
Complete Ceder's budgeted income statement.

CEDER CORP.
Budgeted Income Statement Budgeted Gross Margin
Budgeted Net Operating Income