Acompany compiled the following information for the current year. (Assume that all raw materials used were direct materials.) $ 40000 45000 27000 Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases 18000 60000 48000 1900000 Direct labor 1090000 225000 75000 Factory utilities Indirect labor Factory depreciation Operating expenses 500000 830000 if the cost of goods manufactured is $4460000, what is cost of goods sold for the period? $4469000 14270 If the cost of goods manufactured is $4460000, what is cost of goods sold for the period? $4469000 $4437000 $4472000 $4448000