Lucky Hat, Co. has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.

Production volume	11,800	units	13,000	units
Direct materials	$ 761,100		$ 838,500
Direct labor	$ 241,900		$ 266,500
Manufacturing overhead	$ 1,010,800		$ 1,035,280

The best estimate of the total cost to manufacture 12,200 units is closest to: (Please Round your intermediate calculations to 2 decimal places.)

Options:

1. $1,962,720
2. $2,055,960
3. $2,102,580
4. $2,032,650