Rerun Manufacturing Company is in the process of preparing its 2016 budget and is anticipating the following changes: 25% increase in the number of units sold. 15% increase in the direct material unit cost. 10% increase in the direct labor cost per unit. 8% increase in the manufacturing overhead cost per unit. 12% increase in the selling price. 4% increase in the administrative expenses. Rerun does not keep any units in inventory. The composition of the cost of finished products during 2015 for materials, direct labor, and factory overhead, respectively, was in the ratio of 3:2:1. The condensed income statement for 2015 is as follows: Sales (33,000 units) $ 495,000 Less sales returns 19,800 Net sales 475,200 Cost of Goods Sold 315,000 Gross Profit $ 160,200 Selling Expenses $ 63,000 Admin.Expenses 33,000 96,000 Net Income $ 64,200 What is the estimated cost of goods sold for 2016 assuming the number of units sold does not change? rev: 08_30_2017_QC_CDR-39, 12_13_2018_QC_CS-151582 $353,325 $399,525 $401,625 $462,525