Question 5 TV Exact Match 9000 0 out of 2 points Finished goods, 12/31/18 Direct manufacturing labor Practice problem slide 15 Calculate cost of goods sold for 2018, given the information below Company X manufactured 100,000 units in 2018 and reported the following costs: Coolants & lubricants Direct materials, 1/1/18 Work-in-process, 1/1/18 Work-in-process, 12/31/18 Finished goods, 1/1/18 Leasing costs-plant Depreciation-equipment Property taxes-equipment Fire insurance-equipment Direct materials, 12/31/18 Sales revenue Sales commissions $384,000 $22,400 $384,000 $224,000 $96,000 $32,000 $64,600 $16,000 $672,000 $275,000 $1,280,000 $12,800,000 $2,176,000 $640,000 Indirect manufacturing labor Direct material purchases $275,200 $3,136,000 Sales salaries $576,000 Advertising costs $480,000 Administration costs $800,000 Cost of goods sold for 2018 = = $[a] Specified Answer for: a Correct Answers for: a 508000 Evaluation Method Exact Match 3 Correct Answer Case Sensitivity 5798000