Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3 000 units of Prime and 2 000 units of Luxuria in 2020.The following estimates are given for 2020:

PRIMELUXURIASelling price ($ per uni)167460Direct materials ($ per unit}2752Direct labor ($ per unit}46173Manufacturing overhead ($ per unit)3775

Meridian had an inventory of 210 units of Prime and 110 units of Luxuria at the end of 2019. It has decided that as a measure to counter stock outages it will maintain ending inventory of 670 units of Prime and 190 units of Luxuria.

What is the total budgeted cost of goods manufactured in 2020?