Assuming That the Cost of Goods Manufactured Is $3460000 Compute

Assuming that the cost of goods manufactured is $3460000 compute the cost of goods sold using the following information. $\begin{array}{lll}\text { Raw materials inventory, January 1 } & \text {\$ 30,000 } \\\text { Raw materials inventory, December 31 } & 60,000 \\\text { Work in process, January } 1 & 27,000\\\text { Work in process, December } 31 & 18,000 \\\text { Finished goods, January } 1 & 60,000 \\\text { Finished goods, December } 31 & 48,000 \\\text { Raw materials purchases } & 1,800,000\\\text { Direct labor } & 890,000 \\\text { Factory utilities } & 225,000 \\\text { Indirect labor } & 75,000 \\\text { Factory depreciation } & 500,000 \\\text { Operating expenses } & 630,000\end{array}$

A) $3469000.
B) $3412000.
C) $3448000.
D) $3472000.