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What was cost of goods sold

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Question - X Company began operations in 2018. It manufactured 10,500 units of a single product and sold 7,200 units for $170 each. The following information is for 2018:

Direct materials purchased

$575,100

Direct materials used

562,800

Direct labor costs

262,605

Overhead costs

124,530

Selling costs

99,540

Administrative costs

66,360

There was no beginning balance in any inventory account. There were no unfinished units at the end of the year. What was Cost of Goods Sold for 2018?

Reference no: EM132243268

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