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A company had beginning inventories as follows: Direct Materials, $200; Work-In-Process, $400; Finished Goods, $600. It had ending inventories as follows: Direct Materials, $300; Work-in-Process,

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A company had beginning inventories as follows: Direct Materials, $200; Work-In-Process, $400; Finished Goods, $600. It had ending inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700. Material Purchases, net were $1.450, Direct Labor $1,550, and Manufacturing Overhead S1,650. What is the cost of Goods Sold for the period? Multiple Choice $4,250 $4350 $4,450 $4,550

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