Pettin Corporation makes ene product and n provided the following information so belp prepare the masner budget for the next four months of operations: b. Aegedng credt rales, 30k are celletied in the month of the wie and 70k in the folowing month c. The ending Sniahed goods invertery equats 30x of the following months sules. a The ending rae materias inventory equal 10K of the following moeth' raw matoriats probucton needs. Fach unt of frithed goces tequires 5 pounds of raw inaterias. The pad materias cost se oo per pound e. Aegardeg raw matenais purcheset. 40% are peid for in the month of purchase and 60h in the following moneh. I The diect labor wage rme is 52300 per hour, Fach unt of firithed poods tegures 2.6 drect laberhours. 9 Manifectuing oveithed io entively vanable and is 1400 per deect iaberheur. h. Tbe variabe chiling and adminitrative eapense per unt soid is $170. The fiend selting and adminawave expense per monat is 570,000 The enirmes cost of goods sold tor February is closest to