Michael's Manufacturing, Inc. has the following information available for the year 2020:

	January 1 (Beginning)	December 31 (Ending)
Direct materials inventory	$900,000	$850,000
Work-in-process inventory	1,100,000	1,530,000
Finished goods inventory	310,000	365,000

Direct materials used during the year amount to $1,200,000 and the cost of goods sold for the year was $1,350,000. Find the following by completing a cost of goods sold statement.

Cost of direct materials purchased during the year is