A company compiled the following information for the current year. $($Assume that all raw materials used were direct materials.$)$

Raw materials inventory,

January $1$

$$20,000$

Raw materials inventory,

December $31$

$40,000$

Work in process inventory,

January $1$

$18,000$

Work in process inventory,

December $31$

$12,000$

Finished goods inventory,

January $1$

$40,000$

Finished goods inventory,

December $31$

Raw materials purchases $,1,700,000$

Direct labor $,760,000$

Factory utilities $,150,000$

Indirect labor $,50,000$

Factory depreciation $,400,000$

Operating expenses

$420,000$

If the total manufacturing costs are $$3,000,000,$ what is the cost of goods manufactured for the period?A company compiled the following information for the current year. $($Assume that all raw materials used were direct materials.$)$

Raw materials inventory,

January $1$

$$20,000$

Raw materials inventory,

December $31$

$40,000$

Work in process inventory,

January $1$

$18,000$

Work in process inventory,

December $31$

$12,000$

Finished goods inventory,

January $1$

$40,000$

Finished goods inventory,

December $31$

Raw materials purchases $,1,700,000$

Direct labor $,760,000$

Factory utilities $,150,000$

Indirect labor $,50,000$

Factory depreciation $,400,000$

Operating expenses

$420,000$

If the total manufacturing costs are $$3,000,000,$ what is the cost of goods manufactured for the period?