Sunrise Orchards is reevaluating its pricing strategy for fresh-squeezed pomegranate juice in half-gallon containers. Variable costs per container are $1.80. Management has determined that the price per half-gallon should be between $2.80 and $3.30. Considering only prices in increments of 5 cents, determine the optimal price to maximize contribution margin. Prepare the cost of goods sold statement for this pricing strategy.

Price per Half Gallon	Estimated Demand (Half-Gallon Units)
$2.80	95,000
$2.85	92,000
$2.90	89,000
$2.95	86,000
$3.00	83,000
$3.05	80,000
$3.10	77,000
$3.15	74,000
$3.20	71,000
$3.25	68,000
$3.30	65,000