Walker Company reported the following year-end information Beginning work in process inventory 46,000 Beginning raw materials inventory 24,000 Ending work in process inventory 50,000 Ending raw materials inventory 20,000 Raw materials purchased 830,000 Direct labor 440,000 Manufacturing overhead 100,000 How much is Walker's cost of goods manufactured for the year? $1,378,000 $834,000 $1,374,000 $1,370,000