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  3. a company has the following annual budget data:

A company has the following annual budget data: ...

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Accounting

A company has the following annual budget data:
Beginning finished goods inventory 40,000 units
Sales 70,000 units
Ending finished goods inventory 30,000 units
Direct materials $ 10 per unit
Direct labor $ 20 per unit
Variable factory overhead $ 5 per unit
Selling costs $ 2 per unit
Fixed factory overhead $ 80,000

What are total budgeted production costs for the year? (CIA adapted)

$2,100,000.

$2,180,000.

$2,240,000.

$2,320,000.

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