A Company Has the Following Annual Budget Data What Are Total Budgeted Production Costs for the Year? (CIA

A company has the following annual budget data:
$$\begin{array} { | l | l | } \hline \text { Beginning finished goods inventory } & 40,000 \text { units } \\\hline \text { Sales } & 70,000 \text { units } \\\hline \text { Ending finished goods inventory } & 30,000 \text { units } \\\hline \text { Direct materials } & \$ 10 \text { per unit } \\\hline \text { Direct labor } & \$ 20 \text { per unit } \\\hline \text { Variable factory ou erhead } & \$ 5 \text { per unit } \\\hline \text { Selling costs } & \$ 2 \text { per unit } \\\hline \text { Fixed factory overhead } & \$ 80,000 \\\hline\end{array}$$ What are total budgeted production costs for the year? (CIA adapted)

A) $2,100,000.
B) $2,180,000.
C) $2,240,000.
D) $2,320,000.