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 $299,700 133,200 265,200 86,700 50,000 119,700 127, 100 233,300 239,900 Multiple Choice $705,500. $690,700. $698100. $684,100. $777,400