35.

Advanced Enterprises reports year-end information from 2018 as follows: $964,000 642,000 Sales (160,500 units) Cost of goods sold Gross margin Operating expenses Operating income 322,000 267,000 $55,000 Advanced is developing the 2019 budget. In 2019 the company would like to increase selling prices by 13.5%, and as a result expects a decrease in sales volume of 11%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 2019? O A. $642,000 B. $712,620 C. $571,380 D. $728,670