205 4 points Ship Bottom Co manufactures fishing boats. During January 2021. it had 4 boats in the process of being built. The following information is available on the boats Boat for Customer WIP Balance 1/1/21 Materials Added During Jan Labor Costs During Jan Labor Hours During lan 1 $5.200 $500 $1.000 SO 2 $3,750 $ 1.500 $2.000 100 3 $1005 $2.900 54,100 $2340 $2.900 35.500 275 Overhead is applied at a rate of $40 per tabor hour. Boat remained untinished at 1/1 Boat was completed by 1:01 but remained unsold boats3 and were comietet sold and delivered to customers. What was the balance in Cost of Goods Sold at 131 34,45 $11.250 OOOO 58,700 $35.000