Use the following information to complete Problems below:
Woodstuff Co. manufactures wooden Tables, Chairs, and Bookshelves. Management is preparing the budgets for June, and has accumulated the following information:

-Beginning Finished Goods Inventory had a value of $100,000. Woodstuff uses a FIFO costing system. What is the budgeted Cost of Goods Sold for June? (Round intermediate answers to the nearest dollar.)
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