South State, Inc used $153,000 of direct materials and incurred $63,000 of direct labor costs during the year

Indirect labor amounted to $270,000, while indirect materials used totaled $53,000. Other operating costs pertaining to the factory included utilities of $135,500; maintenance of $70,260; repairs of $53,400; depreciation of $133,000; and property taxes of $74,640. There was no beginning or ending finished goods inventory, but Work-in-Process inventory began the year with a $5,000 balance and ended the year with a $7,400 balance.

How much is the cost of goods manufactured?
A) $12,400
B) $1,003,400
C) $1,010,800
D) $1,005,800

B .