Consider Derek's Budget Information: Materials to Be Used Totals $64,750;

Multiple Choice

Consider Derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory January 1,$189,100; and work in progress inventory on December 31,$197,600.What is the budgeted cost of goods manufactured for the year?

A) $649,450
B) $657,950
C) $197,600
D) $1,044,650