Bradford, Inc., expects to sell 16,000 ceramic vases for $20 each. Direct materials costs are $3, direct manufacturing labor is $10, and manufacturing overhead is $4 per vase. The following inventory levels apply to 2020 : On the 2020 budgeted income statement, what amount will be reported for cost of goods sold? A. $272,000 B. $277,100 C. $340,000 D. $266,900