Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 654,706 units, estimated beginning inventory is 108,950 units, and desired ending inventory is 89,158 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 @ $0.62 per pound
Material B 1.00 lb. per unit @ $1.68 per pound
Material C 1.20 lb. per unit @ $1.23 per pound

What is the dollar amount of direct material C used in production during the year?

Select the correct answer.

$1,066,656
$196,823
$937,133
$202,959