At the beginningof2020,Beerboacquireda mine for $970,000.Of this amount, $100,000 was ascribed to the land value (the remaining portion was ascribed to the mine).Surveys conducted by geologists have indicated that approximately 12,000,000 units of ore appear to be in themine.Beerboincurred$170,000 of development costs associated with this mine prior to any extraction of minerals.It also determined that the fair value ofits obligation to prepare the land for an alternative use (when all of the minerals have been removed) is $40,000.During 2020, 2,500,000 units of ore were extracted and 2,100,000 of these units were sold.

What is Beerbo'scost of goods soldin 2020?

Input dollar amounts (round to nearest cent; no $ sign; commas okay)