ABC Company manufactured 100,000 units in 2022 and reported the following costs: Sandpaper: $32,000 . . . Leasing costs-plant: $384,000 Materials handling: $320,000 Depreciation-equipment: $224,000 Coolants & lubricants: $22,400 Property taxes-equipment: $32,000 Indirect manufacturing labor: $275,200 Fire insurance-equipment: $16,000 Direct manufacturing labor: $2,176,000 Direct material purchases: $3,140,000 Direct materials, 1/1/22: $348,000 Direct materials, 12/31/22: $280,000 Finished goods, 1/1/22: $672,000 Finished goods, 12/31/22: $1,280,000 Sales revenue: $12,800,000 . . . Sales commissions: $640,000 Work-in-process, 1/1/22: $96,000 Work-in-process, 12/31/22: $64,000 Sales salaries: $576,000 Advertising costs: $480,000 Administration costs: $800,000 What is cost of goods sold for 2022? $6,529,600 $5,921,600 $3,208,000 $6,689,600