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Cullumber Company's accounting records reflect the following inventories: Dec. 3 1 , 2 0 2 2 Dec. 3 1 , 2 0 2 1 Raw

Cullumber Company's accounting records reflect the following inventories:
Dec. 31,2022
Dec. 31,2021
Raw materials inventory
$310000 $260000
Work in process inventory
300000160000
Finished goods inventory
200000150000
During 2022, $720000 of raw materials were purchased, direct labor costs amounted to $501000, and manufacturing overhead incurred was $560000.(Assume that all raw materials used were direct materials.)
If Cullumber Company's cost of goods manufactured for 2022 amounted to $1591000, its cost of goods sold for the year is
Select answer from the options below
$1691000.
$1451000.
$1541000.
$1641000.

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