Gruffin Manufacturing Company reported the following year-end information:

Beginning work in process inventory	$1,420,000
Beginning raw materials inventory	400,000
Ending work in process inventory	1,200,000
Ending raw materials inventory	640,000
Raw materials purchased	1,250,000
Direct labor	1,300,000
Manufacturing overhead	960,000

Gruffin Manufacturing Company's cost of goods manufactured for the year is

$3,270,000.

$2,900,000.

$4,690,000.

$3,490,000.