Compute the Cost of Goods Sold for 2019 using the following information: Direct Materials, Jan. 1, 2019 Work-in-process, Dec. 31, 2019 Direct Labor Finished Goods, Dec. 31, 2019 Finished Goods, Jan. 1, 2019 Manufacturing Overhead Direct Materials, Dec. 31, 2019 Work-in Process, Jan. 1, 2019 Purchases of Direct Material $ 40,500 65,000 49,000 106,000 129,500 70,000 44,000 88,000 76,000