X Company, a manufacturer, had the following inventory account balances in 2020: Account Materials Work in Process Finished Goods January 1 $16,042 13,650 17,576 December 31 $13,908 12,024 17,576 The following additional information for the year is available: Direct materials purchased Direct labor Overhead $64,421 23,997 40,692 What was Cost of Goods Sold in 2020? A: $31,928 B: $42,464 C: $56,477 D: $75,114 E: $99,902 F: $132,870 Submit Answer Tries 0/99