Using the information below, calculate cost of goods sold for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,323,000 258,000 55,000 60,000 559,000 Multiple Choice $807,000 $391,000 $511,000 O $554,000 $812,000