XYZ company accounting records reflect the following inventories:

Jan 1, 2020 Dec. 31, 2020

Raw materials inventory $ 80,000 $ 64,000

Work in process inventory 104,000 116,000

Finished goods inventory 100,000 92,000

Assume that the cost of goods manufactured for 2020 amounted to $800,000. How much would it report as cost of goods sold for the year?

		$1,668,000
		$284,000
		$1,008,000
		$808,000