The Managerial Accountant at the Chesapeake Bay Circuit Manufacturing Company

The managerial accountant at the Chesapeake Bay Circuit Manufacturing Company expects to sell 120,000 circuits in 2013 for $12 each.There are 5,000 circuits in beginning finished goods inventory with target ending inventory of $5,000 circuits.The company keeps no work-in-process inventory.
Required
Compute the amount of sales revenue reported on the 2013 budgeted income statement.

A) $1,000,000
B) $1,200,200
C) $1,440,000
D) $1,300,400
E) $1,600,200