Bramble Corp.'s accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $310000 $260000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2020, $720000 of raw materials were purchased, direct labor costs amounted to $501000, and manufacturing overhead incurred was $560000. If Bramble Corp.'s cost of goods manufactured for 2020 amounted to $1591000, its cost of goods sold for the year is $1701000. $1551000. $1451000. $1631000.