40) The following information pertains to the Stratford Company: Beginning finished goods inventory $60,000 Cost of goods manufactured 410,000 Ending finished goods inventory 34,000 What is the cost of goods sold? A) $436,000 B) $384,000 C) $376,000 D) $316,000 E) $444,000 Use the information below to answer the following question(s). Montreal Industries Inc. had the following activities during the year: Direct materials: Beginning inventory Purchases $50,000 154,000 Ending inventory 26,000 Direct manufacturing labour 40,000 Manufacturing overhead 30,000 Ending work-in-process inventory 10,000 Beginning work-in-process inventory 2,000 Ending finished goods inventory 40,000 Beginning finished goods inventory 60,000 41) What is Montreal's cost of direct materials used during the year? A) $204,000 B) $178,000 C) $128,000 D) $24,000 E) $218,000