Sales Budget
	July	August	September	Total
Units to be sold	20,000	35,000	25,000	80,000
Sales price	$180	$180	$180	$180
Total sales dollars	$3,600,000	$6,300,000	$4,500,000	$14,400,000

Production Budget
	July	August	September	Total
Sales	20,000	35,000	25,000	80,000
Add: Desired ending inventory	7,000	5,000	6,000	6,000
Total needs	27,000	40,000	31,000	86,000
Less: Beginning inventory	(4,000)	(7,000)	(5,000)	(4,000)
Units to be produced	23,000	33,000	26,000	82,000

Direct Materials Budget
	July	August	September	Total
Units to be produced	23,000	33,000	26,000	82,000
lbs per unit	3	3	3	3
Pounds needed	69,000	99,000	78,000	246,000
Desired ending inventory	29,700	23,400	25,200	25,200
Total needs	98,700	122,400	103,200	271,200
Less beginning inventory	(20,700)	(29,700)	(23,400)	(20,700)
Purchases needed	78,000	92,700	79,800	250,500
$20.00/lb	$20	$20	$20	$20
Total purchase cost	$1,560,000	$1,854,000	$1,596,000	$5,010,000

Direct Labor Budget
	July	August	September	Total
Units to be produced	23,000	33,000	26,000	82,000
0.60 of direct labor hours per unit	0.60	0.60	0.60	0.60
Direct labor hours needed	13,800	19,800	15,600	49,200
$16.00 per hour	$16.00	$16.00	$16.00	$16.00
Total direct labor cost	$220,800	$316,800	$249,600	$787,200

Overhead Budget
	July	August	September	Total
Labor hours	13,800	19,800	15,600	49,200
variable rate per hour	$3.50	$3.50	$3.50	$3.50
Total variable OH	$48,300	$69,300	$54,600	$172,200
Fixed overhead	$22,000	$22,000	$22,000	$ 66,000
Total overhead	$70,300	$91,300	$76,600	$238,200

Selling and Administrative Budget
	July	August	September	Total
Variable selling expense	$108,000	$189,000	$135,000	$432,000
Fixed expenses:
Rent	6,000	6,000	6,000	18,000
Utilities	1,200	1,200	1,200	3,600
Advertising	400	400	400	1,200
Office salaries	35,000	35,000	35,000	105,000
Total	$150,600	$231,600	$177,600	$559,800

Calculate the Cost of Goods that would appear on the Income Statement for the month of July?

Please round all your calculations to two decimals.

Do not include "$" or commas in your answer