1. Beat, Inc., expects to sell 60,000 athletic uniforms for $80 each in 2013. Direct materials costs are $20, direct manufacturing labor is $8, and manufacturing overhead is $6 for each uniform. The following inventory levels apply to 2012:

   Beginning inventory Ending inventory

   Direct materials 24,000 units 18,000 units

   Work-in-process inventory 0 units 0 units

   Finished goods inventory 12,000 units 10,000 units

   What is the amount budgeted for cost of goods sold in 2013?

   		$2,312,000
   		$1,972,000
   		$2,040,000
   		$4,800,000