Ricochet Company completed 56,000 units during the year at a cost of $784,000. The beginning finished goods inventory was 8,000...

Ricochet Company completed 56,000 units during the year at a cost of $784,000. The beginning finished goods inventory was 8,000 units at $76,000. Determine the cost of goods sold for 37,000 units, assuming a FIFO cost flow.