1. The following information concerning inventories for Seabring Company is available:

• Beginning work-in-process inventory = $54,000
• Ending work-in-process inventory = $70,000
• Beginning finished goods inventory = $184,000
• Ending finished goods inventory = $160,000

If cost of goods manufactured totaled $650,000 during the period, what was the cost of goods sold?

$626,000

$634,000

$650,000

$834,000

None of these choices is correct.