During the year, a manufacturing company had the following operating results:

Beginning work-in-process inventory	$	53,000
Beginning finished goods inventory	$	206,000
Direct materials used in production	$	340,000
Direct labor	$	555,000
Manufacturing overhead incurred	$	282,000
Ending work-in-process inventory	$	83,000
Ending finished goods inventory	$	97,000

What is the cost of goods manufactured for the year?

Multiple Choice

• $1,147,000

• $1,286,000

• $1,177,000

• $1,256,000