Required information [The following information applies to the questions displayed below. The following selected information was extracted from the 20x1 accounting records of Lone Oak Products: 'Seventy-five percent of the company's buliding was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inventhindata "The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. 3. Compute the company's cost of goods sold