Required information

[The following information applies to the questions displayed below.] Crunchem Cereal Company incurred the following actual costs during 20x1.

Direct material used	$	270,000
Direct labor		130,000
Manufacturing overhead		273,000

The firms predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory balances were as follows:

Raw material	$	31,000
Work in process		40,000
Finished goods		41,000

What was the cost of goods sold for the year?