Budgeted inventories for the Remle Company follow:

January 1 December 31

Direct materials $24,800 $26,700

Work in process 57,600 55,200

Finished goods 83,300 87,400

Additional budget information follows:

Total manufacturing costs $354,500

Cost of goods manufactured 356,900

Calculate the budgeted cost of goods sold.

a. $352,800

b. $350,400

c. $361,000

d. $359,300