Question 23 5 pts Bing Industries manufactures and sells a single product. The selling price is $800 per unit. In its first year of operations (Year 1), Bing produces 2,500 units and sells 2,000 units. In Year 2, Bing produces 2,000 units and sells 2,500 units. Bing's manufacturing costs were as follows in each of the two years: Direct materials, per unit $320 Direct labor, per unit $200 Variable manufacturing overhead, per unit $52 Fixed manufacturing overhead, total for year $300,000 Using absorption costing, what is the cost of goods sold in Year 2? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00). 1,675,000