Cost of goods sold for the year

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Reference no: EM13971228

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?

Reference no: EM13971228

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