During its first year of operations, Silverman Company paid $10,740 for direct matecials and ' $11,300, for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,300 while general, selling, and administrative expenses totaled $3,200 The company produced 7,700 units and sold 4,800 units at a price of $670 a unit. What is Silverman's cost of goods sold for the year? $25,240 $15,734 $32,340 $20,160