A company is trying to compute the budgeted cost of ending finished goods inventory at first quarters end, at the end of March. Direct materials costs amount to $3 per unit, and direct labor costs amount to $2.30 per unit. The following budgeted information is also given:

Overhead Incurred Units Sold Units Produced

January $300,000 100,000 150,000

February $200,000 80,000 50,000

March $400,000 160,000 200,000

The company expects to start January with 10,000 units in beginning finished goods inventory. What is the budgeted cost of ending finished goods inventory?

		$377,500
		$528,500
		$931,000
		$556,294