Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31,2016 80000 104000 100000 Dec. 31, 2017 $64000 116000 92000 During 2017, Concord purchased $1490000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. Assume Concord's cost of goods manufactured for 2017 amounted to $1904000. How much would it report as cost of goods sold for the year? [ $1896000 $2004000 $1912000 $1812000