Cost of Goods Sold, Sales Revenue, Income Statement Jasper Company provided the following information for last year: Sales in units 280,000 Selling price $12 Direct materials 220,000 Direct labor 585,000 110,000 Manufacturing overhead Selling expense 437,000 Administrative expense 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