Question 7 1 pts Advanced Enterprises reports year-end information from 2019 as follows: Sales (160230 units) Cost of goods sold Grossmary in Operating experes Operating income $269,000 (641,000 328,000 (268,000) $60,000 Advanced is developing the 2020 budget. In 2020 the company would like to increase selling prices by 13.5%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted cost of goods sold for 2020? $705,100 $641.000 $727,535 $576,900