A company has the following annual budget data:

Beginning finished goods inventory		40,000	units
Sales		70,000	units
Ending finished goods inventory		30,000	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	$	80,000

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

$2,100,000.

$2,180,000.

$2,240,000.

$2,320,000.