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Mary's Baskets Company expects to manufacture and sell 2 4 , 0 0 0 baskets in 2 0 2 0 for $ 5 each. There

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Mary's Baskets Company expects to manufacture and sell 24,000 baskets in 2020 for $5 each. There are 2,000 baskets in beginning finished goods inventory with target ending inventory of 2,000 baskets. The company keeps no work - in - process inventory. What amount of sales revenue will be reported on the 2020 budgeted income statement?
A. $110,000
B. $70,000
C. $130,000
D. $120,000
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