Fender Manufacturing Company need to know its anticipated cash flows for the next quarter by month. Che se 10% of total sales each month. Historically sales on account beculeta follows: Son in the month of the sale 35 in the mother the sale, and the remaining 19 two months after the sale Sales for the quarter we projected as follows January $50.000: Feny.590.000 and March, $90,000 Accounts recevable on December 31 w $45,000 The expected cash collections of Fender Mancing Company for Marche O$90,000 $58,050 O$67,050 $69,600 $95,000 $265,000 Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate $200,000 $16 per DLH Inventories Ending Beginning $50,000 Direct materials $45,000 Work in process Finished goods 85,000 40,000 90,000 25,000 What is the cost of goods sold? O $880,000 O $865,000 O $875,000 O $860,000