Cost of Goods Sold, Sales Revenue, Income Statement Jasper Company provided the following information for last year: Sales in units Selling price 280,000 $12 Direct materials 180,000 Direct labor 585,000 Manufacturing overhead 110,000 Selling expense Administrative expense 437,000 854,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero, Required: Calculate the cost of goods sold for last year