ElectronPlus manufactures and sells a unique electronic part. Operating results for the first three years of activity were as follows (absorption costing basis): Year 1 Year 2 Year 3 Sales $ 1,010,000 $ 808,000 $ 1,010,000 Cost of goods sold: Beginning inventory 0 0 284,000 Add: cost of goods manufactured 802,000 841,000 761,000 Goods available for sale 802,000 841,000 1,045,000 Less: ending