Help Save & Exit Compute the cost of Goods Sold for 2019 using the following information: Direct Materials, Jan. 1, 2019 Work-in-process, Dec. 31, 2019 Direct Labor Finished Goods, Dec. 31, 2019 Finished Goods, Jan. 1, 2019 Manufacturing Overhead Direct Materials, Dec. 31, 2019 Work in Process, Jan. 1, 2019 Purchases of Direct Material $ 50,000 74,500 58,500 125,000 158,000 79,500 63,000 107,000 95,000 Multiple Choice $287,500 $252.500 $233.000 $285,500