Concord Corporation'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 $751500, and manufacturing overhead incurred was $768000. If Concord Corporation's cost of goods manufactured for 2020 amounted to $2049500, its cost of goods sold for the year is

$2009500.

$1909500.

$2089500.

$2159500.