What was cost of goods sold for the year direct materials, Financial Accounting

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What was cost of goods sold for the year direct materials

X Company, a manufacturer, reported the following inventory balances for 2014:

	Direct Materials	Work in Process	Finished Goods
January 1	$16,614	$17,924	$15,386
December 31	$14,894	$13,744	$15,386

The following additional information was available:

Direct materials costing $70,236 were purchased.

Direct labor cost was $26,268.

Overhead applied was $46,414.

Selling and administrative costs were $32,138.

Sales were $446,454.

What was Cost of Goods Sold for the year?

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Financial Accounting: What was cost of goods sold for the year direct materials

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Financial Accounting: What was cost of goods sold for the year direct materials

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