A company has the following annual budget data: Beginning finished goods inventory 40000 units Sales 70000 units Ending Finished Goods Inventory 30000 units Direct Materials $10 per unit Direct Labor $20 per unit Variable factory overhead $5 per unit Selling costs $2 per unit Fixed factory overhead 80000 What are total budgeted production costs for the year? (CIA adapted) a. 2,100,000 b. 2,180,000 c. 2,240,000 d. 2,320,000