The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for the month of July, when production is expected to be 600,000 units to meet the ending inventory requirements and sales of 605,000 units. Fortnight Co.'s budget analyst has the following actual data for the last three months. Month March April May Production Manufacturing in Units Supplies 515,000 $668,860 670,000 854,860 610,000 768,510 Using the high-low method to develop a cost estimating equation, the total estimated cost of needed manufacturing supplies for July would be: (CMA adapted) Multiple Choice 0 5776,860 O 5770.800 Ο $776,860. Ο Ο 5770,860. Ο $720,000. Ο $726,000.
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