Tanner Company budgets the following: Total direct materials placed into production Total direct labor cost $132,480 236,580 Assume the estimated inventories on January 1, 2022, for finished goods and work in process were $14,190 and $4,730, respectively. Also assume the desired inventories on December 31, 2022, for finished goods and work in process were $8,040 and $5,440, respectively. Factory overhead was budgeted at $130,120. 12. How much is budgeted cost of goods sold for 2022? EA