turing Company Inc. is required to track and report departmental expenses and costs Beginning Raw Materials Inventory: $16,000 Ending Raw Materials Inventory: $17,500 Beginning Work in Process Inventory: $55,000 Ending Work in Process Inventory: $60,000 Beginning Finished Goods Inventory: $52,000 Ending Finished Goods Inventory: $49,500 Materials Purchased: $90,000 Indirect Materials Used: $15,000 Direct Labor Wages: $46,000 Indirect Labor Wages: $37,500 Factory Equipment Depreciation: $25,000 Factory Equipment Maintenance: $4,000 Factory Rent: $15,000 Office Supplies Used: 6,000 Selling and Administrative Expenses: $524,000 What was Cost of Goods Sold for the period? S213,500 $226,000 $228,500 $232,500