CanarieManufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.

Costs involved in production are:

Direct material

$4.00

Direct labor

4.00

Variable manufacturing overhead

3.00

Total variable manufacturing costs per unit

$11.00

Fixed manufacturing overhead per year

$233,550

In addition, the company has fixed selling and administrative costs of $162,400per year.

During the year,Canarieproduces51,900snow shovels and sells46,500snow shovels.

What is cost of goods sold using variable costing?