The following selected information is provided about a manufacturing company: Raw material purchases: 800,000 Direct labor: 415,000 Overhead applied: 730,000 Actual overhead: 745,000 Selling and administrative salaries: 500,000 Other selling and administrative expenses: 185,000 Sales revenue: 5,000,000 Inventory data: January 31st December 31st Raw Material: 75,000 100,000 Work in process: 105,000 140,000 Finished Goods: 120,000 125,000 Calculate the cost of goods sold. Assume that under/over applied overhead is closed directly to cost of goods sold. Please show all work