During its first year of operations, Silverman Company paid $12,065 for direct materials and $10,800 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,800 while general, selling, and administrative expenses totaled $3.700. The company produced 6,950 units and sold 4,300 units at a price of $7.20 a unit. What is Silverman's cost of goods sold for the year? Multiple Choice $32.665 $20,210 $26.565 $16,436