Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Budgeted selling price per unit	$ 97
Budgeted unit sales (all on credit):
January	10,000
February	12,000
March	13,300
April	15,200

Raw materials requirement per unit of output	4	pounds
Raw materials cost	$ 1.00	per pound
Direct labor requirement per unit of output	2.5	direct labor-hours
Direct labor wage rate	$ 23.00	per direct labor-hour
Predetermined overhead rate (all variable)	$ 9.00	per direct labor-hour
Variable selling and administrative expense	$ 3.10	per unit sold
Fixed selling and administrative expense	$ 70,000	per month

Credit sales are collected:

30% in the month of the sale

70% in the following month

Raw materials purchases are paid:

30% in the month of purchase

70% in the following month

The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following months raw materials production needs.

The estimated finished goods inventory balance at the end of February is closest to: