Today's spot rate of the Mexican peso is $0.10. Assume that purchasing power parity holds. The U. S. inflation rate over this year is expected to be 7 percent, while the Mexican inflation over this year is expected to be 2 percent. Wake Forest Co. plans to import from Mexico and will need 21 million Mexican pesos in one year. Determine the expected amount of dollars to be paid by the Wake Forest Co. for the pesos in one year. Do not round intermediate calculations. Round your answer to the nearest dollar.

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: