During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers wages. Lease payments and utilities on the production facilities amounted to $10,000 while general, selling, and administrative expenses totaled $3.500. The company produced 7.250 units and sold 4,500 units at a price of $7.00 a unit What is Silverman's cost of goods sold for the year? Multiple Choice $20,250 $26,125 $16,216 O $32,625