In 2020, Elton, Inc., expects to sell 6,000 ceramic vases for $40 each. Direct materials costs are $4, direct manufacturing labor is $20, and manufacturing overhead is $6 per vase. The following inventory levels apply to 2020:

Beginning inventory Budgeted Ending inventory

Direct materials 1,000 units 1,000 units

Work-in-process inventory 0 units 0 units

Finished goods inventory 400 units 500 units

On the 2020 budgeted income statement, what amount will be reported for cost of goods sold?

A) $183,000

B) $210,000

C) $180,000

D) $177,000