A company has the following annual budget data:

Beginning finished goods inventory		42,000	units
Sales		72,000	units
Ending finished goods inventory		32,000	units
Direct materials	$	12	per unit
Direct labor	$	22	per unit
Variable factory overhead	$	7	per unit
Selling costs	$	4	per unit
Fixed factory overhead	$	82,000

What are total budgeted production costs for the year?

$2,872,000.

$3,034,000.

$3,322,000.

$2,624,000.