Anderson Corp. has the following information: Direct Materials Inventory Work in Process Inventory Finished Goods Inventory $50,000 Beginning Ending Inventory Inventory (1/1) (12/31) $20,000 $30,000 Manufacturing overhead applied Cost of goods manufactured $280,000 Additional information for the year is as follows: Direct materials used Direct labor incurred Compute the cost of goods sold. O $270,000 $16,000 $268,000 $258,000 $18,000 $40,000 $90,000 $75,000 $95,000 $258,000

Anderson Corp. has the following information: Additional information for the year is as follows: Compute the cost of goods sold. $280,000 $270.000 $268,000 $258,000