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Brady's Bricks Co. manufactures all kinds of building blocks for kids. The following information is available from the company's 2023 budget: Beginning finished goods inventory

Brady's Bricks Co. manufactures all kinds of building blocks for kids. The following information is available from the company's 2023 budget:

Beginning finished goods inventory $110,000
Ending finished goods inventory $125,000
Sales revenue $3,000,000
Cash collected from customers $2,700,000
Materials purchased (all paid for in 2023) $975,000
Materials used $935,000
Direct labor costs $365,000
Manufacturing overhead $200,000
Office/admin salaries $100,000
Marketing expenses $21,000

What is budgeted Cost of Goods Sold for 2023?

$1,525,000

$1,515,000

$1,475,000

$1,485,000

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