Youngstown Rubber reports the following data for its first year of operation.
Direct materials used = $711,000
Cost of goods manufactured = $680,600
Finished goods inventory, ending = $191,000
Manufacturing Overhead = 100,000
Finished goods inventory, beginning = 0
Work in process inventory, beginning = 0
Work in process inventory, ending = 130,400
What is the cost of goods sold? A. $1,491,600 B. $459,200 C. $489,600 D. $680,600
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