Student name: 1) During its first year of operations, Silverman Company paid $17,665 for direct materials and $10,400 for production workers' wages, Lease payments and utilities on the production facilities amounted to $9,400 while general, selling, and administrative expenses totaled $4,900. The company produced 6,350 units and sold 3,900 units at a price of $8.40 a unit. What is Silverman's cost of goods sold for the year? A) $32,965 B) $37,465 C) $23,010 D) $20,246 Randall's