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 CGM is $687,100. $298,500 132,000 264,000 85,500 48,800 118,500 125,900 232,100 238,700