Reef Industries produces almond milk and uses a standard cost accounting system. A unit of finished goods is one gallon of almond milk. The standard price of almonds is $4.00 per pound and the standard quantity of almonds per gallon of milk is 0.75 pounds. During the month of July, the actual cost of the almonds purchased and used is $148,900, the price variance is $3,750 favorable, and the quantity variance is $11,650 unfavorable. How many gallons of almond milk did Reef produce in July? Round to the nearest whole number. 47,000 gallons O 45,750 gallons O 52,267 gallons 53,516 gallons O None of the above