A company has the following annual budget data:

beginning finished goods inventory 40,000units 

sales 70,000units 

ending finished goods inventory 30,000units 

direct materials$10per unit 

direct labor$20per unit 

variable factory overhead$ 5per unit 

selling costs$2per unit 

fixed factory overhead$80,000 

What are total budgeted production costs for the year (cia adapted).