Your company has sales of $101,400 this year and cost of goods sold of $63,200.

Your company has sales of $101, 400 this year and cost of goods sold of $63, 200. You forecast sales to increase to $112, 700 next year. Using the percent of sales method, forecast next year's cost of goods sold. The forecasted cost of goods sold (COGS) is $. (Round to the nearest dollar.)