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Malibu Corporation provided the following information for the year: Beginning BalanceWork-in-Process Inventory $26,000 Ending BalanceWork-in-Process Inventory 55,000 Beginning BalanceRaw Materials Inventory 81,000 Ending BalanceRaw Materials

Malibu Corporation provided the following information for the year:

Beginning Balance—Work-in-Process Inventory

$26,000

Ending Balance—Work-in-Process Inventory

55,000

Beginning Balance—Raw Materials Inventory

81,000

Ending Balance—Raw Materials Inventory

59,000

Purchases—Raw Materials

360,000

Direct Labor

471,000

Indirect Labor

19,000

Depreciation on Factory Plant and Equipment

24,000

Plant Utilities and Insurance

268,000

What was the amount of the cost of goods manufactured for the year?

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