Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,600 units of Prime and 1,400 units of Luxuria in 2020.The following estimates are given for 2020: Prime $200 30 Luxuria $500 100 Selling price Direct materials Direct labor Manufacturing overhead 50 180 50 140 Nantucket had an inventory of 240 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 400 units of Prime and 250 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $11. There were 100 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? A. $1,375,000 B. $1,071,400 C. $1,056,000 OD. $1,540,000