Wasson Company reported the following year-end information:
Beginning work in process inventory $ 50,000
Beginning raw materials inventory 18,000
Ending work in process inventory 38,000
Ending raw materials inventory 15,000
Raw materials purchased 650,000
Direct labor 230,000
Manufacturing overhead 120,000
How much is Wasson's total cost of work in process for the year?
$928,000
$1,090,000
$1,053,000
$893,000