1. Dolan Company's accounting records reflect the following inventories:

Dec. 31, 2020 Dec. 31, 2019

Raw materials inventory $310,000 $260,000

Work in process inventory 300,000 160,000

Finished goods inventory 190,000 150,000

During 2020, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000.

If Dolan Company's cost of goods manufactured for 2020 amounted to $1,890,000, its cost of goods sold for the year is

a. $2,000,000.

b. $1,750,000.

c. $1,850,000.

d. $1,930,000.