Cindi's Manufacturing Inc. makes stuffed animals. in 2022, the company reported the following manufacturing information: $ 405,500 351,000 44,800 597,500 80,450 70,200 Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor and reported the following inventory balances for the year: January 1 Materials Work-in-Process Finished Goods What is the Cost of Goods Sold? O $1,372,950 O $1,603,700 O $1,536,05 O There is no correct answer given $ 33,500 49,250 152,000 December 31 $ 52,750 43,400 84,350

and reported the following inventory balances for the year What is the Cost of Goods Sold? $1,372,950 $1,603,700 $1,536,05 There is no correct answer given