PM (America/New York-04:00) --/1 Question 8 View Policies Current Attempt in Progress Swifty Corporation's accounting records reflect the following inventories: Dec. 31, 2019 Dec 31, 2020 Raw materials inventory $ 80000 $ 64000 Work in process 104000 116000 inventory Finished goods inventory 100000 92000 During 2020, Swifty purchased $1480000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. Assume Swifty's cost of goods manufactured for 2020 amounted to $1894000. How much would it report as cost of goods sold for the year? $1886000 $1802000 $1994000 $1902000