Calculate the cost of goods sold using the following information: Direct materials Direct labor Factory overhead costs General and administrative expenses Selling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 $ 298,600 132,100 264,100 85,600 48,900 118,600 126,000 232,200 238,800 $680,800. $694,800. $687.400. $773,000. O $702,200