Myles Manufacturing Company's accounting records reflect the following inventories:

Dec. 31, 2014 Dec. 31, 2013

Raw materials inventory $620,000 $520,000

Work in process inventory 600,000 220,000

Finished goods inventory 380,000 100,000

During 2014, $900,000 of raw materials were purchased, direct labor costs amounted to $1,000,000, indirect materials used were $0, and manufacturing overhead was $960,000.

Based upon the above information, cost of goods sold for the year is:

Select one:

a. $2,100,000.

b. $2,480,000.

c. $2,660,000.

d. $2,400,000.

e. $2,380,000.