Mayberry Corporation manufactures tables for elementary schools. Help Mayberry Corporation determine the cost of goods sold, use data below. Direct materials Direct labor Factory overhead costs General and administrative expenses Selling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 $299,000 132,500 264,500 86,000 49,300 119,000 126,400 232,600 239,200 Multiple Choice O $688,600 $703.400 $696,000 $682,000