$2-19.$Year $1$ financial data for the ABC Company is as follows: Sales$$5,000,000$Direct materials$850,000$Direct manufacturing labor$1,700,000$Variable manufacturing overhead$400,000$Fixed manufacturing overhead$750,000$Variable SG&A$150,000$Fixed SG&A$250,000$ Under the absorption method, Year $1$ cost of goods sold will be$$a$.$ $$2,550,000$b$.$ $$2,950,000$c$.$ $$3,100,000$d$.$ $$3,700,000$