Richetti produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory.

Costs involved in production are:
Direct material		$161
Direct labor		183
Variable manufacturing overhead		107
Total variable manufacturing costs per unit		$451
Fixed manufacturing overhead per year		$594,000

In addition, the company has fixed selling and administrative costs:
Fixed selling costs per year		$200,500
Fixed administrative costs per year		$102,400

During the year, Richetti produces 1,500 pairs of speakers and sells 1,200 pairs.

What is cost of goods sold using full costing?

Cost of goods sold? ___________