Determining Cost of Goods Sold for a Manufacturing Company Ybarra Products began operations in 2017. During its first year, the company purchased raw materials costing $126,000 and used $94,500 of those materials in the production of its products. The company's manufacturing operations also incurred labor costs of $87,000 and overhead costs of $42,000. At year end 2017, Ybarra had $28,500 of partially completed product in work-in-process inventory and $52,500 in finished goods inventory. What was Ybarra Company's cost of goods sold in 2017 ?

Do not use negative signs with any of your answers.

Work in Process Inventory

Beginning inventory $ 0

Materials used --94,500

Labor costs -- 87,000

Overhead costs ---42,000

Cost of goods produced -------------how to calculate??

Ending inventory -------------

Finished Goods Inventory

Beginning inventory $ 0

Cost of goods produced-------------

Cost of goods sold--- 144,861

Ending inventory -------------