Using the following information, compute cost of goods manufactured.

Work-in-process inventory, beginning balance $ 160,000

Work-in-process inventory, ending balance 180,000

Raw materials inventory, beginning balance 100,000

Raw materials inventory, ending balance 60,000

Raw materials purchased 540,000

Direct labor cost 600,000

Depreciation on factory building (actual) 100,000

Indirect labor (actual) 150,000

Other manufacturing overhead costs (actual) 86,000

Applied manufacturing overhead costs 330,000

• $1,490,000
• $1,530,000
• $1,450,000
• $1,510,000
• None of these