XYZ Corporation makes one product and has provided the following information to help prepare the master budget for the next three months of operations:

Budgeted unit sales (all on credit):
July	8,400
August	8,800
September	12,200

Raw materials requirement per unit of output	4	pounds
Raw materials cost	$ 3.00	per pound
Direct labor requirement per unit of output	2.8	direct labor-hours
Direct labor wage rate	$ 18.00	per direct labor-hour
Predetermined overhead rate (all variable)	$ 11.00	per direct labor-hour

The ending finished goods inventory should equal 40% of the following month's sales. The budgeted finished goods inventory balance at the end of August is closest to:

• A.

  $358,192

• B.

  $150,304

• C.

  $304,512

• D.

  $454,816