Problem $7\mathrm{.}52($Algo$)$ PredetermIned Rates, Prorate Over$-$ or Underapplled Overhead $($LO $7\mathrm{.}3)$

Bromley Custom Cabinetry $($BCC$)$ uses a job costing system and applies overhead based on direct materlals cost. Last year,

manufacturing overhead was expected to be $$697,400$ and direct materlals cost was estimated to be $$634,000.$ Actual manufacturling

overhead amounted to $$697,400,$ as estimated, and actual direct materlals cost was $$614,000.$

BCC allocates any over$-$ or underapplied overhead to three accounts$-$Work$-$In$-$Process Inventory. Finlshed Goods Inventory, and Cost

of Goods Sold$-$based on the balances in those accounts. At the end of the year, the total amount in the three accounts $($Work$-$In$-$

Process Inventory. Finished Goods Inventory, and Cost of Goods Sold$)$ was $$2$ million before any allocatlon. As a part of the process,

you learn that BCC allocated $$18,150$ to Cost of Goods Sold.

Required:

What will Bromley report as Cost of Goods Sold for the year?

Note: Do not round intermediate calculations. Enter your answer in dollars, rather than in millions of dollars.