6. Determining Cost of Goods Sold for a Manufacturing Company Ybarra Products began operations this year. During its first year, the company purchased raw materi- als costing $100,800 and used $75,600 of those materials in the production of its products. The com- pany's manufactuations also incurred labor costs of $69,600 and overhead costs of $33,600. At year-end, Ybarra had $22,800 of partially completed product in work-in-process inventory and $42,000 in finished goods inventory. What was Ybarra Company's cost of goods sold for the year?