Average production

cycle.

Use the following account information for Rian Company.

2013 and 2014 Selected Balance Sheet Accounts of Rian Company
	12/31/14	12/31/13	Change
Accounts receivable	$43,865	$52,817	$8,952
Inventory	$64,873	$69,764	$4,891
Accounts payable	$32,786	$30,458	$2,328

2014 Selected Income Statement Items for Rian Company
Cash sales	$488,000
Credit sales	$664,000
Total sales	$1,152,000
Cost of goods sold	$663,067

For the coming year, Rian Company wants to reduce its average production cycle to

34.2days. If the target-ending inventory for 2015 is $70,963,

what cost of goods sold will the company need to reach its goal?

If the target ending inventory for 2015 is $70,963,what cost of goods sold will the company need to reach its goal?

$

(Round to the nearest dollar.)