First Class, Inc., expects to sell 20 comma 000 pool cues for $ 14.00 each. Direct materials costs are $ 2.00, direct manufacturing labor is $ 6.00, and manufacturing overhead is $ 0.84 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 26 comma 000 units 26 comma 000 units Workminusinminusprocess inventory 0 units 0 units Finished goods inventory 1 comma 700 units 3 comma 500 units On the 2019 budgeted income statement, what amount will be reported for cost of goods sold?

COGS= $176,800

Explanation:

Giving the following information:

Direct materials costs are $2.00

Direct manufacturing labor is $6.00

Manufacturing overhead is $0.84 per pool cue.

Direct materials:

Beginning inventory= 26,000

Ending inventory= 26,000

Finished goods inventory

Beginning inventory= 1,700

Ending inventory= 3,500

First, we need to calculate the units produced:

Production= sales + desired ending inventory - beginning inventory

Production= 20,000 + 3,500 - 1,700

Production= 21,800

Now, the cost of goods sold:

COGS= (2 + 6 + 0.84)*20,000= $176,800

answer; human resource management.(hrm);