Compute the Cost of Goods Sold for 2022 using the following information: Multiple Choice $265,000 $263,000 $234,500 $215,000

Compute the Cost of Goods Sold for 2022 using the following information: $ 45,500 116,000 144,500 75,000 54,000 98,000 86,000 Direct Materials, January 1, 2022 Workinprocess, December 31, 2022 Direct Labor Finished Goods, December 31, 2022 Finished Goods, January 1, 2022 Manufacturing Overhead Direct Materials, December 31, 2022 Workin Process, January 1, 2022 Purchases of Direct Material 70,000 54,000