A company has the following annual budget data:

Beginning finished goods inventory		55,000	units
Sales		85,000	units
Ending finished goods inventory		45,000	units
Direct materials	$	15	per unit
Direct labor	$	25	per unit
Variable factory overhead	$	8	per unit
Selling costs	$	4	per unit
Fixed factory overhead	$	95,000

What are total budgeted production costs for the year? (CIA adapted)