![](https://cos-cdn.shuashuati.com/pipixue-wap/2020-1230-1107-56/ti_inject-812ce.png)
The direct materials purchases budget totals $1,200,000, while the direct labor cost budget totals $650,000. The factory overhead is budgeted at $900,000. The budgeted inventory information is as follows: Beginning Inventory Ending Inventory Materials $45,000 $40,000 Finished goods $80,000 $95,000 What is the cost of goods sold budgeted for the period?