Beta Company has the following beginning and ending inventory balances for the current year ended December 31: January December 31 Materials $16,500 $ 13,200 Work In Process 29,700 28,050 Finished Goods 34,650 27,225 In addition, direct labor costs of 549,500 were incurred, manufacturing overhead equaled $69,900, materials purchased were $44,550, and selling and administrative costs were $24, 200, Beta Co sold 27 500 units of product during the year at a sales price of $5.25 per unit. What was the amount of cost of goods sold for the year? O5333.000 5193,750 O $175.733