Ogleby Inc During 2020, Ogleby Purchased $980,000 of Raw Materials, Incurred Direct

Ogleby Inc.'s accounting records reflect the following inventories: $\begin{array}{lrr}&\text { Dec. } 31,2019&\text { Dec. } 31,2020\\\text { Raw materials inventory } & \$ 120,000 & \$ 96,000 \\\text { Work in process inventory } & 156,000 & 174,000\\\text { Finished goods inventory }&150,000&138,000\end{array}$ During 2020, Ogleby purchased $980,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000. How much would Ogleby Manufacturing report as cost of goods manufactured for 2020?

A) $1,229,000
B) $1,397,000
C) $1,391,000
D) $1,385,000