A company has the following annual budget data:

Beginning finished goods inventory		56,000	units
Sales		86,000	units
Ending finished goods inventory		46,000	units
Direct materials	$	12	per unit
Direct labor	$	24	per unit
Variable factory overhead	$	4	per unit
Selling costs	$	2	per unit
Fixed factory overhead	$	96,000

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