what is the total budget cost of goods sold for meridin industries in 2016 (luxuria and prime) 1- 800000 2-600000 3-500000 4-700000

Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,000 units of Prime and 1,000 units of Luxuria in 2016.The following estimates are given for .2016 Prime Luxuria Selling price $200 $500 Direct materials 20 50 Direct labor 40 150 Manufacturing overhead 40 100 Meridian had an inventory of 200 units of Prime and 75 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 350 units of Prime and 200 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $10. There were 100 units of Crimpson in stock at the end of 2015. The management does not want to have any stock of Crimpson at the end of 2016