Calculate the cost of goods manufactured using the following information Direct materials used Direct labor Total factory overhead $ 300,000 133,500 265,500 General and administrative expenses 87,000 Selling expenses 50,300 Work in Process inventory, beginning 120,000 Work in Process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 127,400 233,600 240,200 Multiple Choice $706,400 $699.000 $685,000 $778,600