BRIEF EXERCISE 16.3 Cost of Goods Sold C L016-3, Q LO16-4 A company that assembles trucks produces 60 trucks during the current year and incurs $4.5 million of material. labor. and overhead costs. Fitty-three trucks were sold during the vear and each is allocated the same amount of costs. How much of the $4.5 million assembly costs should appear on the company's income statement for the current year?