Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 4,000 units of Prime and 1,600 units of Luxuria in 2020. The following estimates are given for 2020: Prime $200 20 Luxuria $500 60 Selling price Direct materials Direct labor Manufacturing overhead 40 170 80 110 Nantucket had an inventory of 220 units of Prime and 125 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 380 units of Prime and 220 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $13. There were 150 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 manufactured in 2020? A. $1,049,300 B. $1,198,900 C. $1,158,700 O D. $1,104,000