TB MC Qu. 8-137 Fuson Corporation makes one product and has ...

Fuson 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	$	118
Budgeted unit sales (all on credit):
October		9,600
November		10,100
December		13,700
January		11,300

Raw materials requirement per unit of output		3	pounds
Raw materials cost	$	4.00	per pound
Direct labor requirement per unit of output		2.7	direct labor-hours
Direct labor wage rate	$	23.00	per direct labor-hour
Predetermined overhead rate (all variable)	$	12.00	per direct labor-hour

Credit sales are collected:

30% in the month of the sale

70% 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 10% of the following month's sales. The ending raw materials inventory should equal 10% of the following months raw materials production needs.

The estimated finished goods inventory balance at the end of November is closest to: (Round your intermediate calculations to 2 decimal places.)