XYZ Products manufactures a variety of products in its factory. Data for the most recent months operations appear below: Beginning raw materials inventory ........................ $120,000 Purchases of raw materials .................................. $1,380,000 Ending raw materials inventory ............................ $90,000 Direct labor ........................................................... $270,000 Manufacturing overhead ....................................... $740,000 Beginning work in process inventory .................... $240,000 Ending work in process inventory ......................... $260,000 Required: How much is the cost of goods manufactured for the company for the month