HMF Co produces a single product. The budgeted fixed production overheads for the period are $500,000. The budgeted output for the period is 2,500 units. Opening inventory at the start of the period consisted of 900 units and closing inventory at the end of the period consisted of 300 units. Using marginal costing principles the profit was $800,000. If absorption costing principles were applied, what would the profit for the period be?