The trial balance of ABC Co. on December 31, 2021 shows the following information:

Accounts

Dr.

Cr.

Sales

900,000

Interest income

60,000

Gains

20,000

Inventory, beg.

50,000

Purchases

200,000

Freight-in

10,000

Purchase returns

5,000

Purchase discounts

7,000

Freight-out

25,000

Sales commission

30,000

Advertising expense

15,000

Salaries expense

300,000

Rent expense

30,000

Depreciation expense

40,000

Utilities expense

20,000

Supplies expense

10,000

Transportation and travel expense

5,000

Insurance expense

12,000

Taxes and licenses

70,000

Interest expense

2,000

Miscellaneous expense

1,000

Loss on the sale of equipment

15,000

Totals

835,000

992,000

Additional information:

Ending inventory is 80,000.

One-half of the salaries, rent, and depreciation expenses pertain to the sales department. The sales department does not share in the other expenses.

How much is the cost of goods sold?