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A company has the following annual budget data: Beginning finished goods inventory Sales Ending finished goods inventory Direct materials Direct labor Variable factory overhead Selling

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A company has the following annual budget data: Beginning finished goods inventory Sales Ending finished goods inventory Direct materials Direct labor Variable factory overhead Selling costs Fixed factory overhead 58,000 units 88,000 units 48,000 units $ 10 per unit $ 20 per unit $ 6 per unit $ 3 per unit $98,000 What are total budgeted production costs for the year? (CIA adapted)

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