Crunchem Cereal Company incurred the following actual costs during 20x4.

Direct material used	$	295,000
Direct labor		130,000
Manufacturing overhead		273,000

The firms predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory balances were as follows:

Raw material	$	28,000
Work in process		39,000
Finished goods		42,000

Each of these inventory balances was 10 percent higher at the end of the year.

1.

Prepare a schedule of cost of goods manufactured for 20x4

2.	What was the cost of goods sold for the year?