Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 612,373 units, estimated beginning inventory is 106,099 units, and desired ending inventory is 87,653 units. The quantities of direct materials expected to be used for each unit of finished product are given below.
Material A .50 lb. per unit @ $0.74 per pound
Material B 1.00 lb. per unit @ $1.55 per pound
Material C 1.20 lb. per unit @ $0.93 per pound
What is the dollar amount of direct material C used in production during the year?
$219,753
$920,587
$226,578
$662,823