5) Buffett Company has the following information: Direct Labor Costs. $420,000 DM, Beginning $32,000 WIP, Ending $52,000 Equipment depreciation $250,000 FG, Beginning $165,000 Freight-In $12,000 Office building depreciation $90,000 WIP, Beginning $58,000 DM, Ending $35,000 FG, Ending $145,000 Insurance (office) $50,000 Indirect Labor Costs $40,000 Freight-Out $65,000 DM Purchases $450,000 Utilities (plant) $42,000 Insurance (plant) $63,000 What is Buffett's Cost of Goods Sold? A) $1,300,000 B) $1,280,000 C) $1,260,000 D) $1,365,000