Calculate the cost of goods manufactured using the following information:

 

      Direct materials $ 299,700   Direct labor   133,200   Factory overhead costs   265,200   General and administrative expenses   86,700   Selling expenses   50,000   Work in Process inventory, January 1   119,700   Work in Process inventory, December 31   127,100   Finished goods inventory, January 1   233,300   Finished goods inventory, December 31   239,900

Multiple Choice

• $777,400.
• $690,700.
• $698,100.
• $684,100.
• $705,500.