Question 4 1.5 points SweAnswer Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3200 units of Prime and 1000 units of Luxuria in 2016. The following estimates are given for 2016 Prime L Selling price 5200 3500 Direct materiale 60 80 Direct later 70 150 Manufacturing overhead 60 110 Meridian had an inventory of 200 units of Prime and 105 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 400 units of Prime and 250 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $15. There were 110 units of Crimpson in stock at the end of 2015. The management does not want to have any stock of Crimpson at the end of 2016, What is the total budgeted cost of goods manufactured in 2016? O $1,035,300 $860, 700 $94.000 $1,030,700