Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:

1. The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit.
2. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month.
3. The ending finished goods inventory equals 30% of the following month's sales.
4. The ending raw materials inventory equals 10% of the following months raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound.
5. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month.
6. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours.
7. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour.
8. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000.

The estimated cost of goods sold for February is closest to:

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Budgeted selling price per unit	$	97
Budgeted unit sales (all on credit):
January		10,000
February		12,000
March		13,300
April		15,200

Raw materials required per unit of output		4	pounds
Raw materials cost	$	1.00	per pound
Direct labor requirement per unit of output		2.5	direct labor-hours
Direct labor wage rate	$	23.00	per direct labor-hour
Predetermined overhead rate (all variable)	$	9.00	per direct labor-hour
Variable selling and administrative expense	$	3.10	per unit sold
Fixed selling and administrative expense	$	70,000	per month

Credit sales are collected:

30% in the month of the sale

70% in the following month

Raw materials purchases are paid:

30% in the month of purchase

70% in the following month

The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following months raw materials production needs.

If the budgeted cost of raw materials purchases in February is $50,152, then the budgeted accounts payable balance at the end of February is closest to: