Assuming that the cost of goods manufactured is $3469000 compute the cost of goods sold using the following information. Raw materials inventory, January 1 $ 30000 Raw materials inventory, December 31 60000 Work in process, January 1 27000 Work in process, December 31 18000 Finished goods, January 1 60000 Finished goods, December 31 48000 Raw materials purchases 1800000 Direct labor 890000 Factory utilities 225000 Indirect labor 75000 Factory depreciation 500000 Operating expenses 630000 $3421000 O $3481000 O $3478000 O $3457000