Fitness Company reports the following data for 2009, its first year of operations: Cost of goods manufactured Work in process inventory, Dec 31, 2009 Direct materials used Manufacturing overhead incurred Finished goods inventory, Dec. 31, 2009 $440,000 130,000 115,000 160,000 75,000 What is cost of goods sold for 2009? $365,000 $480,000 $340,000 $240,000