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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

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?

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