Sheffield Corp's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $310000 $2118400. $2188400. $1938400. $2038400. 300000 190000 Dec. 31, 2019 $260000 160000 150000 During 2020, $920000 of raw materials were purchased, direct labor costs amounted to $868400, and manufacturing overhead incurred was $480000. If Sheffield Corp!'s cost of goods manufactured for 2020 amounted to $2078400, its cost of goods sold for the year is

Sheffield Corp's accounting records reflect the following inventories: During 2020,$920000 of raw materials were purchased, direct lobor costs amounted to $868400, and manufacturing overhead incurred was $480000. If Sheffield Corp's cost of goods manufactured for 2020 amounted to $2078400, its cost of goods sold for the year is $2118400$2188400$1938400$2038400