Assume the following information pertaining to Moonbeam Company:

	Beginning				Ending
Finished goods inventory	$	139,000			$	132,100
Work in process inventory		91,000				111,500
Direct materials		124,500				138,700

Costs incurred during the period are as follows:

Total manufacturing costs	$	908,000
Factory overhead		205,000
Direct materials used		161,100

Cost of goods sold is calculated to be:

Multiple Choice

• $894,400.

• $887,500.

• $881,400.

• $907,400.

• $901,400.