33.000 115.000 Direct Labor 27.000 Madacturing Overhead Selling and Administrative Expenses 50.000 Based on the above what is the cost of goods sold for July? $136.000 586.000 $135.000 $164,000 10 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 base Boat for Customer WIP Balance 1/1/21 Materials Added During Jan 1 $5,200 Labor Costs During lan Labor Hours During $500 2 $1,000 $3,750 150 $1,500 $2,000 3 100 $1.005 $3,900 $4,100 205 4 $7,340 $2.900 $5,500 275 Overhead is applied at a rate of $40 per labor hour. Boat 1 remained in WIP at 1/31. Boat 2 was completed and transferred to Finished Goods at 1/31-rem 3 and 4 were completed, sold and delivered to customers. What was the balance in Cost of Goods Sold at 1/31? $8,700 $35.600 $11.250 $43,945 RAZER