Consider the following budget information: materials to be used or placed in production totals $184,750; direct labor totals $577,500; factory overhead totals $866,250; work in process inventory January 1, 2017, was expected to be $589,100; and work in progress inventory on December 31, 2017, is expected to be $597,600. What is the budgeted cost of goods manufactured?

Question 15 options:

	$1,637,000
	$1,620,000
	$1,628,500
	$2,815,200