Kason, Inc., expects to sell 23,000 pool cues for $12.00

each. Direct materials costs are $4.00,

direct manufacturing labor is $5.00, and manufacturing overhead is $0.88 per pool cue. The following inventory levels apply to 2016:

	Beginning inventory		Ending inventory
Direct materials	30,000	units	30,000	units
Work-in-process inventory	0	units	0	units
Finished goods inventory	1,200	units	2,900	units

On the 2016 budgeted income statement, what amount will be reported for cost of goods sold?