Dolan Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2011 Dec. 31, 2010 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000 During 2011, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000. If Dolan Manufacturing Company's cost of goods manufactured for 2011 amounted to $1,190,000, its cost of goods sold for the year is
