TB MC Qu. 2-99 (Algo) The absorption cost of goods sold... The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units Units produced Units sold Sales Materials cost Variable conversion cost used Fixed manufacturing cost Indirect operating costs (fixed) 0 6,600 4,900 $ 637,000 $ 132,000 $ 66,000 $ 396,000 $ 98,000 Cost of goods sold using absorption costing is: () $294,000 () $441,000 () $507,667 $98,000