Determining Cost of Goods Sold for a Manufacturing Company Ybarra Products began operations in 2020. During its first year, the company purchased raw materials costing $84,000 and used $63,000 of those materials in the production of its products. The companys manufacturing operations also incurred labor costs of $58,000 and overhead costs of $28,000. At year end 2020, Ybarra had $19,000 of partially completed product in work-in-process inventory and $35,000 in finished goods inventory.

What was Ybarra Companys cost of goods sold in 2020?

Do not use negative signs with any of your answers.

Work in Process Inventory
Beginning inventory			$ 0
Materials used			?
Labor costs			?
Overhead costs			?
Cost of goods produced			?
Ending inventory			?

Finished Goods Inventory
Beginning inventory			$ 0
Cost of goods produced			?
Cost of goods sold			?
Ending inventory			?