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

Dec. 31, 2014 Dec. 31, 2013

Raw materials inventory $620,000 $820,000

Work in process inventory 300,000 220,000

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 labor costs amounted to $300,000, and manufacturing overhead was $960,000.

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