Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 151,000 $ 142,900 Work in process inventory 99,000 121,500 Direct materials 134,500 150,300 Costs incurred during the period are as follows: Total manufacturing costs $ 924,000 Factory overhead 213,000 Direct materials used 167,900 Cost of goods sold is calculated to be: