The following information is available for Barnes Company for the fiscal year ended December 31:

Beginning finished goods inventory in units		0
Units produced		8,400
Units sold		5,800
Sales	$	754,000
Materials cost	$	168,000
Variable conversion cost used	$	84,000
Fixed manufacturing cost	$	882,000
Indirect operating costs (fixed)	$	116,000

Cost of goods sold using absorption costing is:

Multiple Choice

• $849,667

• $522,000

• $783,000

• $174,000