Concord Inc.'s accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials...

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Concord Inc.'s accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials inventory $89300 $ 64200 Work in process inventory 105300 115700 Finished goods inventory 104400 91300 During 2022, Concord purchased $142700 of raw materials, incurred direct labor costs of $215600, and incurred manufacturing overhead totaling $156400. (Assume that all raw materials used were direct materials.) Assume Concord's cost of goods manufactured for 2022 amounted to $1697000. What amount would the company report as cost of goods sold for the year? Concord Inc.'s accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials inventory $89300 $ 64200 Work in process inventory 105300 115700 Finished goods inventory 104400 91300 During 2022, Concord purchased $142700 of raw materials, incurred direct labor costs of $215600, and incurred manufacturing overhead totaling $156400. (Assume that all raw materials used were direct materials.) Assume Concord's cost of goods manufactured for 2022 amounted to $1697000. What amount would the company report as cost of goods sold for the year?