GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Direct Materials Direct Labour Job 1 Job 2 Job 3 $100,000 $150,000 $200,000 $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 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