Payton Corporation provided the following information for the year: Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance-Direct Materials Purchases Direct Materials $24,000 58,000 86,000 59.000 356,000 Direct Labor 470,000 Indirect Labor 21,000 Depreciation on Factory Plant and Equipment 24,000 270,000 Plant Utilities and Insurance What was the amount of the cost of goods manufactured for the year? A. $1,168,000 B. $1,368,000 C. $1,134,000 D. $1,202,000