Polly Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) $ 150,700 Work-in-process inventory (March 31) Finished goods inventory (January 1) 189,600 540,000 Finished goods inventory (March 31) 320,000 Materials inventory (January 1) 270,000 Materials inventory (March 31) 530,000 Materials purchased 600,000 Indirect materials used 94,000 Direct manufacturing labor 480,000 Indirect manufacturing labor 210,000 Property taxes on manufacturing plant building 28,800 Salespersons' company vehicle costs 14,000 Depreciation of manufacturing equipment 265,000 Depreciation of office equipment 125,600 Miscellaneous plant overhead 137,000 Plant utilities 92,500 General office expenses 315,400 Marketing distribution costs 34,000 Materials inventory account and materials purchases are for direct materials only. Indirect materials used are not credited to this account. Property taxes are treated as production costs. The direct materials used is the total manufacturing costs for the period is and the total COGS is the total COGM is Do not include commos in your answer. Present 51,000 as $1000