Information regarding the manufacturing costs incurred by the Sunset Skateboard Company for the month ended November 30, 2020 is as follows: Purchases of raw materials during November were $39,000. Direct labor amounted to 9,400 hours at $4.75 per hour. Manufacturing overhead costs were: Utilities, $1,870; Supervision, $18,600; Indirect Supplies, $4,000; Depreciation, $3,200; Insurance, $830; Miscellaneous, $500. Inventories at November 1 were: Raw Materials, $48,600; Work in process, $53,250; Finished Goods, $60,500. Inventories at November 30 were: Raw Materials, $51,100; Work in process, $47,400; Finished Goods, $62,450. From the information given, compute for the cost of goods sold. Show your complete solutions.