Michard Corporation makes oneroduct and rovided the following donation to the other months of operations 1. The budete se priceperunt is $125 luted sales All May June and 0.10 0.12 units, respectively. All sales are on credit 2. Rewarding credit sales 20% are collected in the month of the said in the following The endir inished joods inventory equals 20% of the following month's sale 4. The ending raw materials inventory equals 30% of the following moon's ww materials action to do requires 4 pounds of raw materials. The raw materials cost 52.00 per pound 5. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month 6. The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor hours 7. The variable selling and administrative expense per unit sold is $340. The towed selling and administrative expense per month $80.000 The budgeted sales for May is closest to $1.612.500 $1.312 500 $1.725.000 $950,000