A company compiled the following information for the current year. (Assume that all raw materials used were direct materials.) $ 20000 50000 27000 Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases 18000 60000 48000 1800000 Direct labor 690000 Factory utilities 225000 Indirect labor 75000 Factory depreciation 500000 Operating expenses 430000 Assuming that total manufacturing costs are $3400000, what is the cost of goods manufactured for the period? $3142000 $3391000 $3421000 $3409000