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Coronado Inc.'s accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials inventory $80000 $ 100000 Work in process inventory 106000

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Coronado Inc.'s accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials inventory $80000 $ 100000 Work in process inventory 106000 124000 Finished goods inventory 100000 88000 During 2022, Coronado purchased $930000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturin overhead totaling $224000. (Assume that all raw materials used were direct materials.) How much would Coronado Inc. report as cost of goods manufactured for 2022? O $1303000 O $1297000 O $1291000 O $1229000

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