Hibiscus Inc. was incorporated and started business early in January 2021 to manufacture wall mounted surfboard racks. Hibiscus purchased a small manufacturing plant and office building in a new industrial park and was in operation immediately. The General ledger account balances at December 31, 2021 are as follows: Sales commission 62,000 Supervisory salaries, production manager 66,000 Executive salaries 120,000 Raw material purchases 136,500 Miscellaneous plant supplies 13,700 Depreciation, office building 7,900 Depreciation, plant equipment 9,900 Property tax (80% for office building: 20% for plant building) 4,400 Sales 850,000 Direct labour 64,000 Raw material inventory, Dec 31, 2021 13,600 Utilities expense (60% related to office) 19,000 General administrative expense 42,300 At December 31, 2021, there was no work-in-process, but 30% of the units manufactured remained in ending finished goods inventory. Hibiscus uses the straight-line method to calculate depreciation. Assuming that Hibiscus reports under IFRS, what is the value of COGAS (cost of goods available for sale) for the year