QUESTION 11 Use the following information to answer the next 8 questions: Lily has the following information concerning production this period. Units in beginning inventory 0 Units produced 4000 Units sold 3000 Units in ending inventory 1000 Yariable costs per unit: Direct materials 10 Direct labor Variable manufacturing overhead Variable selling and administrative 2 Fixed costs: Fixed manufacturing overhead 80000 Fixed selling and administrative 20000 Using absorption costing, please calculate the cost of goods sold expense for the period (again, don't use a dollar sign). 5 3