Lumberjack Company reports the following data for its first year of operation: Cost of goods manufactured Work in process inventory, beginning Work in process inventory, ending Direct materials used Direct Labor Manufacturing overhead Finished goods inventory, beginning Finished goods inventory, ending $304,600 0 72,500 90,750 123,400 162,950 ON 110.800 What is the cost of goods sold? $193,800 $377,100 $304,600 $110,800