This table shows the budgeted sales information for our company for the current year:

QuarterBudgeted Unit SalesQuarter 112,000Quarter 214,000Quarter 313,000Quarter 415,000

Our product's manufacturing cost is $115per unit, including per-unit costs of

$40for materials,

$60for direct labor,

$10for variable overhead, and

$5 for fixed costs.

What is our budgeted cost of goods sold for Quarter 1?