21. Columbia Score Company manufactures scoreboards for athletic events. It expects to sell 20,000 scoreboards in 20X2. Beginning finished goods inventory totals 4,000 units and the company has set a targeted ending finished goods inventory of 3,000 units. The scoreboards will sell for $800. There is no expected ending work in process inventory. Direct materials cost for each scoreboard totals $200, while direct labor is $80. Manufacturing overhead is applied at a rate of 75% of the direct labor cost. What is the budgeted cost of goods sold for the year? (a) $7,140,000. (b) $6,460,000. (c) $5,920,000. (d) $6,800,000