At the beginning of the year, Swift, Inc's Work-In-Process Inventory account had a balance of $124,000. During the year, $250,000 of Direct materials were used and $72,000 of Direct Labor costs were incurred. Manufacturing overhead for the year amounted to $832,000. At the end of the year, the balance in the Work-In-Process inventory account had a balance of $602,000. What was the amount of Cost of Goods Manufactured for the year? 1.154,000 1,278,000 O $676,000 1,880,000