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Consider Derek's budget information: materials to be used totals $62,500; direct labor totals $198,100; factory overhead totals $392,200; work in process inventory January 1, $186,100;

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Consider Derek's budget information: materials to be used totals $62,500; direct labor totals $198,100; factory overhead totals $392,200; work in process inventory January 1, $186,100; and work in progress inventory on December 31, $195,800. What is the budgeted cost of goods manufactured for the year? $838,900 $643,100 $652,800 $195,800

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