A company has the following annual budget data: Beginning finished goods inventory 40,000unitsSales 70,000unitsEnding finished goods inventory 30,000unitsDirect materials$10per unitDirect labor$20per unitVariable factory overhead$5per unitSelling costs$2per unitFixed factory overhead$80,000 What are total budgeted production costs for the year? (CIA adapted)
A. $2,180,000.
B. $2,320,000.
C. $2,240,000.
D. $2,100,000.
Answer: A
Business
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