Selected data concerning the pas as follows: Inventories Beginning Ending $142,000 $162,000 160,000 60,000 180,000 220.000 652.000 1,372,000 Direct Material Work in process Finished goods Other Data: Direct material used Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied a rate of 60% of direct labor cost) Cost of goods sold Selling and administrative expenses Sales Revenue 1,432,000 63,000 1.700,000 What was the cost of goods manufactured during the year? O $1,272,000 O $2,124,000