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X company, a manufacturer, reported the following inventory balance for 2012: Direct Materials work in process Finished Goods January1 $15,666 $13,780 $17,432 December 31 $13,870
X company, a manufacturer, reported the following inventory balance for 2012:
Direct Materials work in process Finished Goods
January1 $15,666 $13,780 $17,432
December 31 $13,870 $13,780 $16,392
The following additional information was available:
.Direct materials costing $65,498 were purchased.
.Direct labor cost was $30,300.
.Overhead applied was $40,609.
. Selling and administrative costs were $34,684.
.Sales were $417,729
What was Cost of goods sold for the year?
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