1:23:15 A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700. It had ending inventories as follows: Direct Materials, $400; Work-in-Process, $600 Finished Goods, $800. Material Purchases, net were $1,550, Direct Labor $1,650, and Manufacturing Overhead $1,750. What is the Cost of Goods Sold for the period? Multiple Choice $4,550, $4,650 $4,850 $4,750.