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Advanced Enterprises reports year-end information from 2018 as follows: Sales (161,000 units) $961,000 Cost of goods sold 644.000 Gross margin 317.000 Operating expenses 264.000 Operating

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Advanced Enterprises reports year-end information from 2018 as follows: Sales (161,000 units) $961,000 Cost of goods sold 644.000 Gross margin 317.000 Operating expenses 264.000 Operating income 553.000 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 9%. 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 sales for 2019? $ b) What is budgeted cost of goods sold for 2019

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