Bonkowskl Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: 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 shouid equal 10% of the following month's raw materials production needs. The ending finished goods inventory should equal 30% of the foliowing month's sales. The ending faw materials inventory should equal I0', of the following monthis raw moterials production needs. The estimated direct labor cost for February is closest to: Multiple Choice $284,970 $712,425 $499,000 530.975