The budgeted finished goods inventory and cost of goods sold for a manufacturing company for Year 1 are as follows: January 1 finished goods, $970,000; December 31 finished goods, $460,000; cost of goods sold for the year, $2,560,000. The budgeted cost of goods manufactured for the year is a.$2,100,000. b.$3,070,000. c.$3,050,000. d.$2,050,000.