5. Waterway Industries's accounting records reflect the following inventories:

	Dec. 31, 2019		Dec. 31, 2020
Raw materials inventory	$ 74000		$ 58000
Work in process inventory	98000		110000
Finished goods inventory	100000		92000

During 2020, Waterway purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. How much is total manufacturing costs incurred during 2020 for Waterway?

$1860000

$1876000

$1872000

$1864000