.During the year, a manufacturing company had the following operating results:
Beginning work in process inventory
$ 51,750
Beginning finished goods inventory
$ 217,000
Direct materials used in production
$ 353,000
Direct labor
$ 482,500
Manufacturing overhead incurred $ 287,500
Ending work in process inventory $ 74,500
Ending finished goods inventory $ 104,000
What is the cost of goods manufactured for the year?
$1,236,000
$1,213,250
$1,123,000
$1,100,250
