Baker Co., a manufacturer, had inventories at the beginning and

end of its current year as follows:

Raw materials ........

Beginning $22,000Ending$30,000

Work in process .....

Beginning 40,000Ending. 8,000

Finished goods ...

Beginning 25,000Ending 18,000

During the year, the following costs and expenses were incurred:

Raw materials purchased ........$300,000

Direct labor cost .......................120,000

Indirect factory labor ..............60,000

Taxes and depreciation on factory building ......20,000

Taxes and depreciation on sales room and office ....15,000

Sales salaries ..............................40,000

Office salaries ............................24,000

Utilities (60% applicable to factory, 20% to sales room,

and 20% to office) .......................50,000

Compute for the Cost of Goods Sold