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4. Canada Company's accounting records reflect the following inventories: Dec. 31, 2022 $310,000 Dec. 31, 2021 $260,000 300,000 160,000 190,000 150,000 Raw materials inventory Work in process inventory Finished goods inventory During 2022, Canada purchased $800,000 of raw materials, direct labour costs amounted to $670,000, and manufacturing overhead incurred was $640,000. Assume Canada Company's cost of goods manufactured for 2022 amounted to $1,890,000. Its cost of goods sold for the year is: a. $2,000,000. b. $1,750,000. C. $1,850,000. d. $1,930,000.

Canada Company's accounting records reflect the following inventories: During 2022, Canada purchased $800,000 of raw materials, direct labour costs amounted to $670,000, and manufacturing overhead incurred was $640,000. Assume Canada Company's cost of goods manufactured for 2022 amounted to $1,890,000. Its cost of goods sold for the year is: a. $2,000,000. b. $1,750,000. c. $1,850,000. d. $1,930,000. Canada Company's accounting records reflect the following inventories: During 2022, Canada purchased $800,000 of raw materials, direct labour costs amounted to $670,000, and manufacturing overhead incurred was $640,000. Assume Cenada Company's cost of goods manufactured for 2022 amounted to $1,890,000. Its cost of goods sold for the year is: a. $2,000,000. b. $1,750,000. c. $1,850,000. d. $1,930,000