The following information pertains to the Ruby Corp: Ruby Corp Data Beginning work-in-process inventory $74,000 Ending work-in-process inventory $82,000 Beginning finished goods inventory $172,000 Ending finished goods inventory $209,000 Cost of goods manufactured $1,202,000 What is cost of goods sold?

$1,210,000

$1,165,000

$1,157,000

$1,239,000