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Company Anna Inc expects to sell 80,000 units for $50.00 each. Direct materials costs are $4.00, direct manufacturing labor is $8.00, and manufacturing overhead is
Company "Anna Inc" expects to sell 80,000 units for $50.00 each. Direct materials costs are $4.00, direct manufacturing labor is $8.00, and manufacturing overhead is $2 per unit. The following inventory levels apply to 2020 Direct materials Beginning inventory Ending inventory Work-in-process inventory Finished goods inventory 20,000 units 20,000 units O units O units 2,000 units 2.500 units On the 2020 budgeted income statement, what amount will be reported for cost of goods sold? OA. $1,120,000 O B. $1,127,000 OC. $$1,113,000 OD. None of them
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