Assume the following information pertaining to Moonbeam Company:

	Beginning				Ending
Finished goods inventory	$	130,000			$	124,000
Work in process inventory		85,000				104,000
Direct materials		117,000				130,000

Costs incurred during the period are as follows:

Total manufacturing costs	$	896,000
Factory overhead		199,000
Direct materials used		156,000

Cost of goods sold is calculated to be:

Multiple Choice

• $890,000.

• $896,000.

• $883,000.

• $877,000.

• $870,000.