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Oriole Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $310000 $260000 Work in process inventory 300000 160000

Oriole Company's accounting records reflect the following inventories:

Dec. 31, 2020 Dec. 31, 2019
Raw materials inventory $310000 $260000
Work in process inventory 300000 160000
Finished goods inventory 190000 150000

During 2020, $820000 of raw materials were purchased, direct labor costs amounted to $851700, and manufacturing overhead incurred was $608000. If Oriole Company's cost of goods manufactured for 2020 amounted to $2089700, its cost of goods sold for the year is

$2049700.

$2199700.

$1949700.

$2129700.

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