Crane Company reported the following year-end information: Beginning work in process inventory $ 36000 Beginning raw materials inventory 14000 Ending work in process inventory 40000 Ending raw materials inventory 10000 Raw materials purchased 730000 Direct labor 440000 Raw materials purchased 730000 Direct labor 440000 Manufacturing overhead 100000 How much is Crane's cost of goods manufactured for the year? $734000 $1274000 $1270000 $1278000