Compute the cost of goods sold

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Question - Compute the Cost of Goods Sold for 2018 using the following information: 

Direct Materials, Jan. 1, 2018 $43,000

Work-in-Process, Dec. 31, 2018 67,500

Direct Labor 51,500

Finished Goods, Dec. 31, 2018 111,000

Finished Goods, Jan. 1, 2018 137,000

Manufacturing Overhead 72,500

Direct Materials, Dec. 31, 2018 49,000

Work-in Process, Jan. 1, 2018 93,000

Purchases of Direct Material 81,000

Reference no: EM132819170

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