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Waterway Industries reported the following year-end information: Beginning work in process inventory $ 40000 Beginning raw materials inventory 14000 Ending work in process inventory 46000 Ending raw materials inventory 16000 Raw materials purchased 770000 Direct labor 440000 Manufacturing overhead 100000 How much is Waterway's cost of goods manufactured for the year? $768000 O $1302000 $1308000 O $1314000