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 $ 44,000 68,500 52,500 113,000 140,000 73,500 51,000 95,000 83,000 Multiple Choice $257,500