W Ltd. makes furniture. W's expected sales are 20,000 bookcases for the quarter. The company begins the quarter with inventory of 3,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide for 15% of the next quarter's expected sales of 24,000 bookcases. Ignoring any beginning inventory, if 50 board feet are required for each bookcase and the wood costs $2 per board foot, how much will W pay for the bookcases it needs produce during the quarter? Multiple Choice $360,000 $2,060,000 $2,600,000 $600,000 $1,760,000