Consider the Following Budget Information: Materials to Be Used Totals

Multiple Choice

Consider the following 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, 2012, was expected to be $189,100; and work in progress inventory on December 31, 2012, is expected to be $197,600. What is the budgeted cost of goods manufactured?

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