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X Company, a manufacturer, reported the following inventory balances for 2014: Direct Materials Work in Process Finished Goods January 1 $16,670 $15,596 $15,246 December 31
X Company, a manufacturer, reported the following inventory balances for 2014:
Direct Materials | Work in Process | Finished Goods | |
January 1 | $16,670 | $15,596 | $15,246 |
December 31 | $16,670 | $12,448 | $14,480 |
The following additional information was available:
Direct materials costing $65,453 were purchased.
Direct labor cost was $30,095.
Overhead applied was $51,771.
Selling and administrative costs were $32,637.
Sales were $453,699.
What was Cost of Goods Sold for the year?
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