Consider Derek's budget information: Materials to be used total $64,100; direct labor totals $200,900; factory overhead totals $399,300; work in. process inventory on January 1 is $188,400; and work in progress inventory on December 31 is $197,800. The budgeted cost of goods manufactured for the year is a. 5197,800 b. 5664,100 c. $654,500 (1. 5852,700