16. Each unit that Godfrey Industries manufactures requires 3 feet of wood, 2 feet of steel, and 4 hours of labor. Wood costs $6 per foot, steel costs $8 per foot, and labor costs $12 per hour.

Manufacturing overhead is applied at a rate of $7 per direct labor hour. Finished goods inventory is budgeted to be 1,500 units on December 31.

Prepare an ending finished goods inventory budget for December.