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The sales budget for Modesto Corporation shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12, respectively. The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units. The beginning inventory of Product B is 2,500 units. The desired ending inventory of Product B is 3,000 units. Total budgeted sales of both products for the year would be: Multiple Choice $264,000. $42,000. $500,000. $200,000. $464,000. A company uses the FIFO method for inventory costing. At the beginning of the period, it reported the following data: Coversation Percent Complete 40% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 20,000 167,000 165,000 22,000 75% The production department data related to conversion costs follows: Costs of beginning work in process Costs added this period $ 99,000 726,825 Multiple Choice $4.61. O $4.76. o $4.40 $4.19. $4.55