Dorsett Technologies had finished goods inventory on January 1, 20X8 of $30,700 and finished goods inventory on December 31, 20X8 of $25,500. If the cost of goods manufactured for the year was $399,000, what was the cost of goods sold for the year?

• $409,400.

• $399,000.

• $404,200.

• $414,600.

• None of the answers is correct.