Calculate the cost of goods sold using the following information Direct materials Direct labor Factory overhead costs General and administrative expenses Seling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory. January Finished geods inventory. December 31 265.800 50,600 127.700 233.900 240,500 O $779,800 O $699.900 O $707.300. O $692,500. O $685,900 Multiple Cholce Difficulty: 3 Hard Learning Objective: 14-Pl Compute cost of goods sold for a manufacturer and for a merchandiser 4. Award: 10.00 points sold 20,000 units of its only product lf sales decrease by 20% in the current year, how will unit Last year, Gordon Company variable cost and tota/fixed cost be affected? 0 Total Fixed Cost Remains constant Unit Varlable Cost Al Remains constant B) increases C) Decreases D) Remains constant E) Remains constant Remains constant Decreases O Choice A O Choice B O Choice C O Choice D O Choice E