Micol Co. Ltd's accounting records reflect the following inventories:

Raw materials inventory Work in process inventory Finished goods inventory

June 30, 2019 $120,000 156,000 150,000

June 30, 2020 $ 96,000 174,000 138,000

During the year, Micol purchased $980,000 of raw materials, incurred direct labour costs of $175,000, and incurred manufacturing overhead totalling $224,000. How much would Micol Co. Ltd report as cost of goods manufactured for the year ending June 30, 2020? Show your working.