Davidson Manufacturing, Inc. has the following information available for the year $2022$:

January $1($Beginning$)$ December $31($Ending$)$

Direct materials inventory $$800,000$ $$900,000$

Work$-$in$-$process inventory $1,000,0001,330,000$

Finished goods inventory $300,000350,000$

Direct materials used during the year amount to $$1,100,000$ and the cost of goods sold for the year was $$1,040,000.$

Find the following by completing a cost of goods sold statement.

Cost of direct materials purchased during the year is