The fоllоwing wаs tаken frоm Kаy Company's accounting records for the year ended December 31, 2012: Increase in raw materials inventory $15,000 Decreased in finished goods inventory 35,000 Raw materials purchased 430,000 Direct manufacturing labor payroll 200,000 Factory overhead 300,000 Freight-out 45,000 There was no work in process inventory at the beginning or end of the year. Kay's 2012 cost of goods sold is