A Company budgets the following:

Total direct materials placed into production

$135,210

Total direct labor cost

241,440

Assume the estimated inventories on January 1, 2017, for finished goods and work

in process were $14,490 and $4,830, respectively. Also assume the desired inventories

on December 31, 2017, for finished goods and work in process were $8,210 and $5,550,

respectively. Factory overhead was budgeted at $132,790.

12.

How much is budgeted cost of goods sold for 2017?