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Bunnell Corporation Is a manufacturer that uses Job$-$order costing. On January $1,$ the company's Inventory balances were as follows:

$6\mathrm{.}66$ points

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The company applies overhead cost to jobs on the basls of direct labor$-$hours. For the current year, the company's predetermined overhead rate of $$16\mathrm{.}25$ per direct labor$-$hour was based on a cost formula that estimated $$650,000$ of total manufacturing overhead for an estimated activity level of $40,000$ direct labor$-$hours. The following transactions were recorded for the year:

a$.$ Raw materlals were purchased on account, $$510,000.$

b$.$ Raw materlals used in production, $$480,000.$ All of of the raw materlals were used as direct materlals.

c$.$ The following costs were accrued for employee services: direct labor, $$600,000$; Indirect labor, $$150,000$; selling and administrative salarles, $$240,000.$

d$.$ Incurred varlous selling and administrative expenses $($e$.$g$.,$ advertising, sales travel costs, and finished goods warehousing$),$ $$367,000.$

e$.$ Incurred varlous manufacturing overhead costs $($e$.$g$,$ depreclation, Insurance, and utilitles$),$ $$500,000.$

f$.$ Manufacturing overhead cost was applied to production. The company actually worked $41,000$ direct labor$-$hours on all Jobs during the year.

g$.$ Jobs costing $$1,680,000$ to manufacture according to their job cost sheets were completed during the year:

h$.$ Jobs were sold on account to customers during the year for a total of $$2,800,000.$ The jobs cost $$1,690,000$ to manufacture according to thelr Job cost sheets.

$13.$ Assuming that the company closes Its underapplied or overapplied overhead to Cost of Goods Sold, what Is the adjusted cost of goods sold for the year?

Adjusted cost of goods sold