6

Consider Derek's budget information: materials to be used, $65,700; direct labor, $200,300; factory overhead, $403,100; work in process inventory on January 1, $186,200; and work in progress inventory on December 31, $191,500. What is the budgeted cost of goods manufactured for the year?

a.$669,100

b.$191,500

c.$855,300

d.$663,800