The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct labor other variable manufacturing costs Depreciation of factory building and manufacturing equipment Other fixed manufacturing costs $660,000 185,000 76,000 18,000 What amount should be considered product costs for external reporting purposes? Multiple Choice $660,000 Multiple Choice $660,000 $845,000 O $921,000 $939,000 Compute the Cost of Goods Sold for 2019 using the following information: Direct Materials, Jan. 1, 2019 Work-in-process, Dec. 31, 2019 Direct Labor Finished Goods, Dec. 31, 2019 Finished Goods, Jan. 1, 2019 Manufacturing Overhead Direct Materials, Dec. 31, 2019 Work-in Process, Jan. 1, 2019 Purchases of Direct Material $ 48,500 73,000 57,000 122,000 153,500 78,000 60,000 104,000 92,000 Multiple Choice Multiple Choice $280,000 O $278,000 O $246,500 O $227,000