Forest Trails Is Preparing Their Budgeted Financial Statements for the Coming

Forest Trails is preparing their budgeted financial statements for the coming period, and has accumulated the following data:
Beginning-of-period balances:
Cash: $13,500
Accounts Receivable: $54,000
Raw Materials Inventory: $16,000
Work in Process Inventory: $60,000
Finished Goods Inventory: $24,000
Equipment (historical value) : $480,000
Accumulated Depreciation: $288,000
Accounts Payable: $27,000
Estimates for end-of-period balances:
Accounts Receivable: $67,500
Raw Materials Inventory: $10,000
Work in Process Inventory: $50,000
Finished Goods Inventory: $29,000
Accumulated Depreciation: $296,000
Accounts Payable: $18,000
Budgeted activity levels for the period:
Sales: 3,125 units, at an average sales price of $80/unit
Purchases of Direct Materials: $44,800
Direct Labor Wages: $75,000
Manufacturing Overhead: $25,000
Selling and Administrative Expenses: $42,000
All sales are on account. Only raw materials are purchased on account. The company has no debt aside from current liabilities. Forest Trails has planned to purchase new equipment worth $25,000, and to sell equipment for $8,000 (Original purchase price $15,000, accumulated depreciation $10,000) to help finance the purchase.
What is budgeted amount of Cost of Goods Sold for the period?

A) $144,800
B) $153,800
C) $143,800
D) $155,800
E) None of the above