Question

etrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations The budgeted selling price per unit is $110. Budgeted unit sales for January, February March, and April are 7.500. 10.600. 12.000, and 11700 units, respectively. All sales are on credit b. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month The ending finished goods inventory equals 30% of the following month's soles. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $400 per pound e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month E The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 26 direct labor-hours. 9. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h. The variable selling and administrative expense per unit sold is $170. The foxed selling and administrative expense per month is $70.000 The estimated cost of goods sold for February is closest to: Multiple choice O S80.626 5930.680 O $220.490 0 9945.990

answer only

Answer 1

Unit product cost

direct material (5*4)	20
Direct labor (23*2.6)	59.80
Overhead (8*2.6)	20.80
Unit product cost	100.60
Units sale	10600
Cost of goods sold	1066360

So answer is $1066360