Cost of Goods Sold, Income Statement

Ellerson Company provided the following information for the last calendar year:

Beginning inventory:Direct materials$69,000Work in process29,400Finished goods43,200Ending inventory:Direct materials$70,400Work in process40,000Finished goods42,100

During the year, direct materials purchases amounted to $275,000, direct labor cost was $189,000, and overhead cost was $520,000. During the year, 100,000 units were completed.

Last calendar year, Ellerson recognized revenue of $1,315,000 and had selling and administrative expenses of $204,300.

Required:

Question Content Area

1. What is the cost of goods sold for last year?