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

Beginning work-in-process inventory

$ 46,500

Beginning finished goods inventory

$ 193,000

Direct materials used in production

$ 314,000

Direct labor

$ 490,000

Manufacturing overhead incurred

$ 256,000

Ending work-in-process inventory

$ 70,000

Ending finished goods inventory

$ 90,500

What is the cost of goods manufactured for the year?