Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Budgeted selling price per unit	$	92
Budgeted unit sales (all on credit):
July		9,000
August		11,300
September		10,400
October		10,800

Raw materials requirement per unit of output		4	pounds
Raw materials cost	$	1.00	per pound
Direct labor requirement per unit of output		2.8	direct labor-hours
Direct labor wage rate	$	22.00	per direct labor-hour
Variable selling and administrative expense	$	1.50	per unit sold
Fixed selling and administrative expense	$	70,000	per month

Credit sales are collected:

40% in the month of the sale

60% in the following month

Raw materials purchases are paid:

30% in the month of purchase

70% in the following month

The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following months raw materials production needs.

The budgeted sales for August is closest to:

Multiple Choice

$956,800

$1,039,600

$993,600

$828,000