For the year just ended, Porter Corporation's manufacturing costs (raw materials used, direct labor, and manufacturing overhead) totaled $1,530,000. Beginning and ending work-in-process inventories were $63,000 and $93,000, respectively. Porter's balance sheet also revealed respective beginning and ending finished-goods inventories of $253,000 and $183,000. On the basis of this information, how much would the company report as cost of goods manufactured (CGM) and cost of goods sold (CGS)? Multiple Choice CGM. $1,460.000; CGS. $1,490,000. O a CGM, $1,500,000: CGS, $1,570,000 O CGM, $1,560,000, CGS, S1,490,000. O O O CGM, $1,600,000: CGS, $1.570,000 O O None of these O