What is the amount budgeted for cost of goods sold in 20x4?

ACCOUNTING

Multiple Choice

Konrade, Inc., expects to manufacture and sell 30,000 athletic uniforms for $80 each in 20x4. Direct materials costs are $20, direct manufacturing labor is $8, and manufacturing overhead is $6 for each uniform. The following inventory levels apply to 20x4:



Beginning inventory Ending inventory

Direct materials 12,000 units 9,000 units

Work-in-process inventory 0 units 0 units

Finished goods inventory 6,000 units 5,000 units



What is the amount budgeted for cost of goods sold in 20x4?

a. $1,156,000

b. $986,000

c. $1,020,000

d. $2,400,000

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