Joes coffee uses a job costing system. During the current year, the balance in Joes finished goods inventory increased $1,129,000, the balance in Joe's work in process inventory decreased $446,000, and Joe's total manufacturing costs added were $3,020,000. What are Joe's cost of goods manufactured (COGM) and cost of goods sold (COGS)?

-COGM equals $2,574,000 and COGS equals $1.445,000

- COGM equals $3,466,000 and COGS equals $2,337,000

-COGM equals $3,703,000 and COGS equals $3,257,000

-COGM equals $2,574,000 and COGS equals $3,703,000

-None of the above