Based on predicted production of 22,000 units, a company anticipates $385,000 of fixed costs and $335,500 of variable costs. The flexible budget amounts of fixed and variable costs for 20,000 units are (Do not round intermediate calculations):

Multiple Choice

$350,000 fixed and $305,000 variable.

$385,000 fixed and $305,000 variable.

$385,000 fixed and $335,500 variable.

$350,000 fixed and $335,500 variable.

$305,000 fixed and $385,000 variable.

Calculate the cost of goods sold using the following information:

Direct materials	$	300,400
Direct labor		133,900
Factory overhead costs		265,900
General and administrative expenses		87,400
Selling expenses		50,700
Work in Process inventory, January 1		120,400
Work in Process inventory, December 31		127,800
Finished goods inventory, January 1		234,000
Finished goods inventory, December 31		240,600

Multiple Choice

$692,800.

$780,200.

$707,600.

$686,200.

$700,200.

Use the following information to calculate cash received from dividends:

Dividends revenue	$	30,300
Dividends receivable, January 1		2,700
Dividends receivable, December 31		3,600