Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell

3,600

units of Prime and

1,500

units of Luxuria in 2020.The following estimates are given for 2020:

	Prime	Luxuria
Selling price	$200	$500
Direct materials	30	50
Direct labor	40	160
Manufacturing overhead	40	100

Nantucket had an inventory of

200

units of Prime and

75

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

390

units of Prime and

210

units of Luxuria.

Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of

$10.

There were

140

units of Crimpson in stock at the end of 2019. The management does not want to have any stock of Crimpson at the end of 2020.

What is the total budgeted cost of goods sold for Nantucket Industries in 2020?