Addington Inc. manufactures two products, Farrell $100$ and Farrell $200.$ An Absorption income statement based on the company using a plant wide cost system for the most recent period is shown:

Sales

$$1,200,000$

Cost of goods sold

$$950,000$

Gross margin

$$250,000$

Selling and administrative expenses

$$200,000$

Net operating income

$$50,000$

The company is thinking about moving to an ABC cost system. During their analysis, the company concluded that $$70,000$ of the company$$s shipping expenses could be directly traced to products Farrell $100$ and Farrell $200.$ Also during their ABC analysis, it was discovered that $$130,000$ of the overhead costs were organizational sustaining cost. If the company moves to ABC, what would the cost of goods sold be under the ABC cost system?