Peralta Designs, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales are 1,200 units, and raw materials inventory and unit costs will stay constant. Direct materials Direct labor Manufacturing overhead Selling and administrative expense $8,000 $14,400 $20,000 $16,000 What is budgeted cost of goods sold for March? O $42,400 $48,880 O $50,880 O $40,734