Pepe's Manufacturing Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $980,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,000; and ending finished goods inventory, $40,000. How much is Pepes cost of goods sold for the year? Question 50 options: $1,000,000 $990,000 $970,000 $980,000