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Laflin Company reported the following year-end information: Beginning work in process inventory $1,080,000 Beginning raw materials inventory 300,000 Ending work in process inventory 900,000 Ending

Laflin Company reported the following year-end information:

Beginning work in process inventory $1,080,000

Beginning raw materials inventory 300,000

Ending work in process inventory 900,000

Ending raw materials inventory 480,000

Raw materials purchased 960,000

Direct labor 900,000

Manufacturing overhead 720,000

Laflin Company's cost of goods manufactured for the year is

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$2,400,000.

$2,760,000.

$2,580,000.

$2,220,000.

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