Bronze, Corp. plans for direct materials per pair of elephant bookends to cost $5, direct labor to cost $90, and manufacturing overhead to be $120,000 for the month of June. Beginning inventory is 1,000 sets (pairs) that have an assigned cost of $90 per set, and the company plans to sell 10,000 sets at $120 each and have no ending inventory. Using a FIFO cost-flow assumption, what is the budgeted cost of goods sold of June?

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