GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: 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: a. $1,275,000 b. $420,000 c. $1,050,000 d. $630,000