Finished goods inventory, January 1, 2011	$ 30,400
Finished goods inventory, December 31, 2011	$ 25,200

7.

Required information

If the cost of goods manufactured for the year was $396,000, what was the cost of goods sold for the year?

$396,000.

$401,200.

$406,400.

None of these.

$411,600.

Please show work to get to answer