5 out of Take me to the text Phu Corporation compiled the following list of costs related to manufacturing for the year ended December 31, 2019: Direct materials used in production $403,400 Direct labor Total manufacturing overhead $316,000 $687,000 They have also provided the following information: The balance of work in process inventory on January 1, 2019 is equal to the balance of work in process inventory on December 31, 2019. Finished goods inventory had a balance of $193,500 on January 1, 2019 and a balance of $226,600 on December 31, 2019. Do not enter dollar signs or commas in the input boxes. Do not use the negative sign a) Calculate the cost of goods manufactured for the year ended December 31, 2019. Cost of goods manufactured: $