For the year ended, Cole Corporation's manufacturing costs (raw materials used, direct labor, and manufacturing overhead) totaled $1,600,000. Beginning and ending work in process inventories were $60,000 and $90,000 respectively. Cole's balance sheet also reported beginning and ending finished goods inventories of $250,000 and $180,000 respectively. How much would the company report as the cost of goods manufactured (CGM) and cost of goods sold (CGS)?