Question - Consider Derek's budget information: materials to be used totals $64,500; direct labor totals $200,400; factory overhead totals $398,600; work in process inventory January 1, $188,400; and work in progress inventory on December 31, $197,700. What is the budgeted cost of goods manufactured for the year?
a. $654,200
b. $663,500
c. $851,900
d. $197,700