(Answered) Question - company began operations in 2016 it manufactured

Accounting

Question - Company began operations in 2016. It manufactured a single product and sold 8,000 units for $160 each. The following information is for 2016:

Units produced 9,200

Direct materials purchased $524,348

Direct materials used $505,448

Direct labor costs $235,428

Overhead costs $118,956

Selling and admin costs $146,004

There was no beginning balance in any inventory account. There was no closing balance in the Work in Process inventory account. What was Cost of Goods Sold for the year?

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