Jet Manufacturing Company reported the following beginning and ending inventory balances for 2005.

	January 1, 2005	December 31, 2005
Direct materials Work in process Finished goods	$448,000 183,000 89,000	$372,000 164,000 68,000

In 2005, the direct labor cost totaled $250,000, direct materials purchases totaled $626,000, and the total applied overhead was $842,000.

Determine the 2005 cost of goods sold