Sierra Co$.$ provided the following information for the year ended December $31,20$Y$1$CostsAmountsWork$-$in$-$process inventory $-$ beginning balance$$620,000$Work$-$in$-$process inventory $-$ ending balance$$570,000$Finished goods inventory $-$ beginning balance$$150,000$Finished goods inventory $-$ ending balance$$170,000$Direct material placed in production$$78,000$Selling expenses$$85,000$General and administrative expenses$$245,000$Direct labor used in production$$130,000$Manufacturing overhead$$590,000$Costs of goods manufactured for the year ended December $31,20$Y$1$ is: $Costs of goods sold for the year ended December $31,20$Y$1$ is: $Instruction: Do not use $"$$$"$ in your answer. Use thousand separator. E$.$g$.,1,500,000$