Tesla, Inc. incurred the following costs and expenses during the current year:

• Raw material purchases: $5,000,000
• Direct labor: $2,000,000
• Indirect labor - factory: $1,200,000
• Factory repairs and maintenance: $300,000
• Taxes on factory building: $200,000
• Depreciation - factory building: $400,000
• Depreciation - sales equipment: $100,000
• Advertising: $600,000
• Sales salaries: $800,000
• Office salaries: $1,000,000
• Utilities - 70% applicable to factory: $600,000

Beginning and ending inventories:

	Beginning	Ending
Raw Materials	$400,000	$550,000
Work in process	$500,000	$400,000
Finished goods	$600,000	$750,000

1. Calculate the cost of raw materials used.
2. Determine the total manufacturing costs.
3. Compute the cost of goods manufactured.
4. Calculate the cost of goods sold.