Question 34 (6 points) Depreciation on the corporate headquarters building s 455,000 Direct labor 725,000 Factory utilities 185,000 Factory depreciation 815,000 Finished goods inventory, January 55,000 Finished goods inventory, December 3 78,000 Loss on sale of investment 4,000 Indirect labor 85,000 Raw materials inventory, January 1 32,000 Raw materials inventory, December 1 81,000 Raw materials purchases 11 1,250,000 Selling and General & administrative expen 111545,000 Work-in-process inventory, January 1 18,000 Work-in-process inventory, December 31 Note: 7% of materials put into production are indirect materials Using the above information to make your calculation, calculate Cost of Goods Sold $3,002,000 $2,979,000 $3,457,000 $3,434,000