. 4. Farhan, the CFO for Dubai Ltd., is preparing a forecast of inventory for the bank. Farhan has to prepare a three-month projection for July, August, and September, and has gathered the following information: Projected unit sales: June 112,000; July 150,000; August 137,000; September - 136,000 Production in units: July 148,700; August 136,900; September 136,400 Direct material cost per unit is $105.00. Direct materials are immediately used in production when received. Direct labour cost per unit is $56.00. Indirect costs are 26% of direct labour. Opening inventory on July 1 consisted of 15,000 units. . . The bank has agreed to loan the company up to 80% of the inventory balance outstanding. At the end of September, what is the maximum amount available to borrow from the bank under this agreement? a) $ 70,224 b) $1,803,200 $1,966,272 d) $2,457,840