A company's overhead application rate is 120% of direct labor cost. Using the following incomplete accounts, determine the Cost of Goods Sold.

Good in Process Inventory

	Dr	Cr
Beginning Balance	180,000
Direct Materials	?
Direct Labor	?
Factory Overhead	?
		?
Ending Balance	200,000

Finished Goods Inventory

	Dr	Cr
Beginning Balance	120,000
	?
		870,000
Ending Balance	150,000

Factory Overhead

	Dr	Cr
	224,000
		240,000