Pharoah Company's accounting records reflect the following inventories: Dec. 31, 2022 Dec. 31, 2021 $370000 $320000 Raw materials inventory Work in process inventory 300000 160000 Finished goods inventory 180000 150000 During 2022, $870000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. (Assume that all raw materials used were direct materials.) If Pharoah Company's cost of goods manufactured for 2022 amounted to $1890000, its cost of goods sold for the year is O $1750000 O $2070000. O $1860000 O $1920000