Consider Derek's budget information : materials to be used, 64,200; direct labor, $201,000; factory overhead, $395,600; work in process inventory on January 1, $188,800; and work in progress inventory on December 31, $197,000. What is the budgeted cost of goods manufactured for the year? . $652,600 b. $197,000 Oc C. $660,800 d. $849,600