For fiscal year 2016, Nancy calculated the following costs for Choco-rama’s manufacturing process.Beginning work in process inventory, $22,655Ending work in process inventory, $28,207Beginning raw materials inventory, $42,385Ending raw materials inventory, $44,299Raw materials purchased, $387,521Office supplies purchased, $15,274388,400 man-hours of factory labor at $23.60/hour14,200 man-hours of factory oversight labor at $28.75/hourAdministrative salaries, $392,000Factory utilities, $18,500Factory depreciation, $9,700Factory repairs, $15,400What is Choco-rama’s cost of goods manufactured for fiscal year 2016?