Elton, Inc., expects to sell 6,000 ceramic vases for $20 each. Direct materials costs are $2, direct manufacturing labor is $10, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2021:

Direct materials: Beginning inventory 1,000 units, Ending inventory 1,000 units,

Finished goods inventory: Beginning inventory 400 units, Ending inventory 500 units.

On the 2021 budgeted income statement, what amount will be reported for cost of goods sold?

Select one:

a. $105,000

b. $91,500

c. $90,000

d. $88,500