circumstances. The standard costs are as follows:

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$($Click the icon to view the additional information.$)$

Required

Determine the amount of cost of goods sold for the year.

Data table

Begin by determining the amount of cost that should be included in inventories for the year.

Now, determine cost of goods sold for the year.

More info

During the year, the company received an unusually large order for a big

construction project. As a result, Durable Concrete had to extend its operating

hours and days, temporarily increasing output to $900$ batches for the year. The

company used the first$-$in$,$ first$-$out cost flow assumption. Actual variable costs

approximated standard costs per batch. Depreciation rates established at the

beginning of the year remain valid for the year.