Jupiter Inc. had the following activities in the year. $100,000 308,000 52,000 80,000 60,000 Direct materials balance: Beginning inventory Purchases Ending inventory Direct manufacturing labour Manufacturing overhead Ending work in process inventory Beginning work in process inventory Ending finished goods inventory Beginning finished goods inventory 20,000 4,000 80,000 120,000 2. What is Jupiter's cost of goods sold? a. $520,000 b. $464,000 C. $440,000 d. $400,000 e. $516,000