DeeZees makes evening dresses. The following information was gathered from the company records for the year, the first year of company operations. Work in Process Inventory at the end of the year was $37,800. Direct material purchased on account Direct material issued to production Direct labor payroll accrued $1,332,000 1,072,800 774,000 Indirect labor payroll accrued 223,200 Prepaid factory insurance expired 7,200 Factory utilities paid 51,480 Depreciation on factory equipment recorded 78,120 Factory rent paid 302,400 Sales (all on account) 3,434,400 The company's gross profit rate for the year was 35 percent. a. Compute the cost of goods sold for the year. $ 1,202,040 b. What was the total cost of goods manufactured for the year? $ 2,471,400 c. What is Finished Goods Inventory at December 31? $ 1,269,360 d. If net income was $300,000, what were total selling and administrative expenses for the year? $ 902,040