Walt Bach Company has accumulated the following budget data for the year 2019. Sales: 40000 units, unit selling price $50. Cost of one unit of finished goods: Direct materials 2 pounds at $5 per...

Walt Bach Company has accumulated the following budget data for the year 2019.

1. Sales: 40000 units, unit selling price $50.


2. Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 1.5 hours at $12 per hour, and manufacturing overhead $6 per direct labor hour.


3. Inventories (raw material only): Beginning, 10000 pounds; ending, 15000 pounds.


4. Raw materials cost: $5 per pound.


5. Selling and administrative expenses: $200000


6. Income taxes: 30% of income before income taxes.

Prepare a schedule showing the computation of cost of goods sold for 2019.