Consider Derek's budget information: materials to be used totals $64,200; direct labor totals $200,100; factory overhead totals $397,500; work in process inventory January 1 is $186,100; and work in progress inventory on December 31 is $191,700. The budgeted cost of goods manufactured for the year is a. $656,200 b. $847,900 X c. $661,800 d. $191,700