First Class, Inc., expects to sell 21,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $4, and manufacturing overhead is $0.86 per pool cue. The following inventory levels apply to 2020: Beginning_inventory Ending inventory Direct materials 24,000 units 24,000 units Work - in process inventory 0 units 0 units Finished goods inventory 1,600 units 2,600 units On the 2020 budgeted income statement, what amount will be reported for cost of goods sold? O A $172,920 () B. $185,496 C. $157,200 (O D. $165,060 Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,000 units of Prime and 1,400 units of Luxuria in 2020.The following estimates are given for 2020: Prime Luxuria Selling price $200 $500 Direct materials 60 100 Direct labor 70 180 Manufacturing overhead 60 130 Nantucket had an inventory of 210 units of Prime and 105 units of Luxuria at the end of 2019. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 240 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $14. There were 130 units of Crimpson in stock at the end of 2019. The management does not want to have S $1,320,000 $1,304,000 $1,144,000 $1,163,600 o 0w Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,400 units of Prime and 1,100 units of Luxuria in 2020.The following estimates are given for 2020: Prime Luxuria Selling price $200 $500 Direct materials 30 90 Direct labor 40 190 Manufacturing overhead 80 150 Nantucket had an inventory of 240 units of Prime and 85 units of Luxuria at the end of 2019. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 240 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $14. There were 140 units of Crimpson in stock at the end of 2019. The management does not want to have O A. $1,106,250 O B. $899,850 (O C. $983,000 O D. $1,066,150 Furniture, Inc., estimates the following number of mattress sales for the first four months of 2020: Month Sales January 23,000 February 33,800 March 34,600 April 40,200 Finished goods inventory at the end of December is 7,000 units. Target ending finished goods inventory is 30% of the next month's sales. How many mattresses need to be produced in January 2020? . . . O A. 40, 140 mattresses O B. 36,900 mattresses O C. 22,900 mattresses O D. 26,140 mattressesThe following information pertains to Monroe Company: Month Sales Purchases January $67,000 $39,000 February $89,000 $43,000 March $101,000 $61,000 * Cash is collected from customers in the following manner: Month of sale 40% Month following the sale 60% 50% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 20% of sales. Other operating costs are $30,000 per month (including $10,000 of depreciation). Both of these 000 ) A. $61,000 ) B. $112,500 C. $52,000 D. $100,000 The following information pertains to Monroe Company: Month Sales Purchases January $69,000 $41,000 February $86,000 $44,000 March $108,000 $63,000 * Cash is collected from customers in the following manner: Month of sale 30% Month following the sale 70% * 45% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. * Labor costs are 25% of sales. Other operating costs are $37,000 per month (including $9,000 of depreciation). Both of these are (ECTTw) . $107,550 A () B. $55,000 C. $116,550 D . $64,000 The following information pertains to Monroe Company: Month Sales Purchases January $61,000 $33,000 February $81,000 $44,000 March $101,000 $64,000 Cash is collected from customers in the following manner: Month of sale 40% Month following the sale 60% * 45% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. * Labor costs are 20% of sales. Other operating costs are $35,000 per month (including $8,000 of depreciation). Both of these are _ o () A. $7,000 () B. $6,000 (O C. $17,200 (O D. $2,200