Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,400 and finished goods inventory on December 31, 20X8 of $24,200. If the cost of goods manufactured for the year was $386,000, what was the cost of goods sold for the year?

Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,400 and finished goods inventory on December 31, 20X8 of $24,200. If the cost of goods manufactured for the year was $386,000, what was the cost of goods sold for the year? Multiple Choice $396,400. $386,000. $391,200. $401,600. None of the answers is correct