Timeco Manufacturing Company reported the following beginning and ending inventory balances for 20xx:

	January 1, 20xx	December 31, 20xx
Direct materials Work in process Finished goods	$448,000 183,000 89,000	$372,000 164,000 68,000

During 20xx, the direct labor cost totaled $250,000, direct materials purchases totaled $626,000, and the total applied overhead was $842,000.

Determine the 20xx cost of goods sold (pre-consideration of a possible adjustment for misapplied overhead). Show your calculations.