The Johnstown Axle Company is working on creating its Finished Goods Inventory Budget. They anticipate the following: Manufacturing Overhead and Direct Labor are allocated per hour and Direct Materials are allocated per pound. If it takes 0.4 hours, and 50 pounds of Direct Materials to make an axle, how much is their Cost of Goods Sold if Direct Labor costs $14 per hour, Manufacturing Overhead is allocated at $9 per hour, Direct Materials cost $0.70 per pound and they anticipate on selling 17,000 units. 867,530 422,000 822,000 751,400