(Solved): Prepare a schedule showing the calculation of the cost of goods sold for 2022. Prepare a budge ...

Prepare a schedule showing the calculation of the cost of goods sold for 2022. Prepare a budgeted income statement for 2022. Bramble Company has accumulated the following budget data for the year 2022: 1. Sales: 28,800 units; unit selling price $\$79$ 2. Cost of one unit of finished goods: direct materials, $2\mathrm{kg}$ at $\$5$ per kilogram; direct labour, 3 hours at $\$13$ per hour; and manufacturing overhead, $\$5$ per direct labour hour 3. Inventories (raw materials only): beginning, 9,100 kg; ending, 15,300 kg 4. Raw materials cost: $\$5$ per kilogram 5. Selling and administrative expenses: $\$181,000$ 6. Income taxes: $30\%$ of income before income taxes