GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows:

	Job 1		Job 2		Job 3
Direct Materials	$	100,000	$	150,000	$	200,000
Direct Labour	$	200,000	$	300,000	$	250,000

Overhead is applied to jobs at a rate of $0.60 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still in process at the end of the year. GHI's Cost of Goods Manufactured for the year was:

Multiple Choice

• $250,000

• $450,000

• $1,275,000

• $1,050,000