KJC Company is trying to compute cost of goods sold. If $$2,800,000$ is cost of goods manufactured, compute the cost of goods sold using the following information.

Raw materials inventory, January $1$ $ $10000$

Raw materials inventory, December $3150000$

Work in process, January $120000$

Work in process, December $3111000$

Finished goods, January $150000$

Finished goods, December $3142000$

Raw materials purchases $1580000$

Direct labor $860000$

Factory utilities $100000$

Indirect labor $40000$

Factory depreciation $500000$

Operating expenses $320000$

Question $1$ options:

$2,760,000$

$1,540,000$

$2,809,000$

$2,808,000$