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) 7,800 5,500 $ 715,000 $ 156,000 $ 78,000 $ 702,000 $ 110,000 Cost of goods sold using absorption costing is: Multiple Choice $726,667 $440.000 O $660,000 $147,000