Rerun Manufacturing Company is in the process of preparing its 2020 budget and is anticipating the following changes: 30% increase in the number of units sold. 20% increase in the direct material unit cost. 15% increase in the direct labor cost per unit 13% increase in the manufacturing overhead cost per unit. 20% increase in the sales price. 4% increase in the administrative expenses. Rerun does not keep any units in inventory. The composition of the cost of finished products during 2019 for materials, direct labor, and factory overhead, respectively, was in the ratio of 3:2:1. The condensed income statement for 2019 is as follows: $552,000 27,600 524,400 354,900 Sales (46,000 units) Le55 sales returns Net sales Cost of Goods Sold Gross Profit Selling Expenses Admin Expenses Net Income $170,400 $ 76,000 46,000 122,000 $ 48,400 What is the estimated cost of goods sold for 2020 assuming the number of units sold does not change? What is the estimated cost of goods sold for 2020 assuming the number of units sold does not change? Multiple Choice o $41470 o $466,100 o $463,740 O o S540, 440