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Can you please show me the work on how you get your answer please (thank you in advance kings and queens of chegg) Problem 1:

Can you please show me the work on how you get your answer please (thank you in advance kings and queens of chegg)

Problem 1: The following selected information is provided about a manufacturing company:

Raw material purchases800,000

Direct labor 415,000

Overhead applied730,000

Actual overhead745,000

Selling and administrative salaries500,000

Other selling and administrative expenses185,000

Sales revenue5,000,000

Inventory data: January 1 December 31Raw material 75,000 100,000Work in process 105,000 140,000Finished goods 120,000 125,000Calculate the cost of goods sold. Assume that under/over applied overhead is closed directly to cost of goods sold.

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