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Required information [The following information applies to the questions displayed below.] Finlon Upholstery, Inc., uses a job-order costing system to accumulate manufacturing costs. The company's

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Required information [The following information applies to the questions displayed below.] Finlon Upholstery, Inc., uses a job-order costing system to accumulate manufacturing costs. The company's work-in$156,800. There was no finished-goods inventory on this date. Finlon applies manufacturing overhead to production on the basis of direct-labor cost. (The budgeted direct-labor cost is the company's practical capacity, in terms of direct-labor hours, multiplied by the budgeted direct-Jabor rate.) Budgeted totals for 202 for direct labor and manufacturing overhead are $4,200,000 and $5,460,000, respectively. Actual results for the year follow. Job no. 2077 was completed in January 20x2; there was no work in process at year-end. All jobs produced during 202 were sold with the exception of job no. 2143, which contained direct-material costs of \$156,000 and direct-labor charges of $85,000. The company charges any under-or overopplied overhead to Cost of Goods Sold. 6. Determine the company's 202 cost of goods sold

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