Compute the Cost of Goods Sold for 2019 using the following information:

Direct Materials, Jan. 1, 2019	$	49,500
Work-in-Process, Dec. 31, 2019		74,000
Direct Labor		58,000
Finished Goods, Dec. 31, 2019		124,000
Finished Goods, Jan. 1, 2019		156,500
Manufacturing Overhead		79,000
Direct Materials, Dec. 31, 2019		62,000
Work-in Process, Jan. 1, 2019		106,000
Purchases of Direct Material		94,000

Multiple Choice

• $231,000

• $250,500

• $283,000

• $285,000