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First Class, Inc., expects to sell 26,000 pool cues for $14 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead
First Class, Inc., expects to sell 26,000 pool cues for $14 each. Direct materials costs are $2, direct manufacturing labor is $4, and manufacturing overhead is $0.89 per pool cue. The following inventory levels apply to 2019: Direct materials Work-in-process inventory Finished goods inventory Beginning inventory 31,000 units O units 1,800 units Ending inventory 31,000 units O units 3,300 units On the 2019 budgeted income statement, what amount will be reported for cost of goods sold? $189,475 $179,140 $168,805 $201,877
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