A company has prepared certain operating budgets for the upcoming period. Sales are expected to be $$1,000,000$ for the current period and $$1,400,000$ for the following period, with an estimated gross margin percentage of $40\%.$ Purchases of merchandise are paid $80\%$ in the period of purchase and $20\%$ in the period following purchase. Beginning merchandise inventory is expected to be $$40,000$ and the company desires an ending inventory of $30\%$ of the next period's sales. The company's beginning balance in accounts payable is $$120,000.$ What is the company's budgeted cost of goods sold for the current budget period?$\backslash$