Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Use the following information about this product line to complete the problem requirements. Each handisaw sells for $50. Wesley expects the following unit sales January February March 2,000 2,700 2,900 2,800 2,200 ril May Wesley's ending finished goods inventory policy is 35 percent of the next month's sale:s Suppose each handisaw takes approximately .25 hours to manufacture, and Wesley pays an average labor wage of $16.50 per hour Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $5.00 each. The company has an ending raw materials inventory policy of 10 percent of the following month's production requirements. Materials other than the housing unit total $4.00 per handisaw Manufacturing overhead for this product includes $63,000 annual fixed overhead (based on production of 21,000 units) and $.70 per unit variable manufacturing overhead. Wesley's selling expenses are 5 percent of sales dollars, and administrative expenses are fixed at $17,000 per month Required 1. Compute the budgeted cost of goods sold following for the first quarter. (Round cost per unit to 2 decimal places. Round final answers to the nearest dollar amount.) January February March 1st Quarter Total Budgeted Cost of Goods Sold 0