3 0.9 Points Lakers manufactures Hockey kits. It expects to sell 20,000 Hockey kits in 2020. The company has enough beginning inventory of direct materials to produce 8,000 units. Beginning work-in-process inventory totals 2,000 units and is 100 percent complete as to material and 50 percent complete as to labor and overhead. Beginning finished units total 4,000 with a target ending finished inventory of 3,000 units. The Hockey kits sell for $800. There is no ending work-in-process inventory. Direct materials costs for each Hockey kit total $220 while direct labor is $90. Manufacturing overhead is $70 per Hockey kit. What will be Laker's budgeted amount of cost of goods sold? $8,160,000 $6,800,000 $6,460,000 $7,600,000