Lambda Industries reported the following transactions for the year:

Raw material purchases: $4,800,000

Direct labor: $2,000,000

Indirect labor - factory: $850,000

Factory repairs: $270,000

Factory utilities: $320,000

Factory rent: $280,000

Depreciation - factory equipment: $210,000

Depreciation - office equipment: $90,000

Office supplies: $75,000

Sales commissions: $400,000

Advertising expense: $360,000

Administrative salaries: $680,000

Inventory balances:

	Beginning	Ending
Raw Materials	$430,000	$480,000
Work in process	$470,000	$420,000
Finished goods	$540,000	$710,000

Requirements:

Calculate the total factory overhead.

Determine the cost of raw materials used.

Compute the total manufacturing costs.

Calculate the cost of goods manufactured.

Determine the cost of goods sold.