For the year just ended, Porter Corporation's manufacturing costs (raw materials used, direct labor, and manufacturing overhead) totaled $1,550,000. Beginning and ending work-in-process inventories were $65,000 and $95,000, respectively. Porter's balance sheet also revealed respective beginning and ending finished-goods inventories of $255,000 and $185,000. On the basis of this information, how much would the company report as cost of goods manufactured (CGM) and cost of goods sold (CGS)?