Taylor & Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000. The company manufactured 8,400 television sets during the month. Assume that there were no beginning or ending work-in-process balances. What was the amount of cost of goods manufactured during the month?

1. $1,300,000

2. $ 1,925,000

3. $2,110,000

4. $1,250,000