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The following events took place at a manufacturing company for the current year: (1)...

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Accounting

The following events took place at a manufacturing company for the current year:

(1) Purchased $101,000 in direct materials.

(2) Incurred labor costs as follows: (a) direct, $62,000 and (b) indirect, $19,600.

(3) Other manufacturing overhead was $116,000, excluding indirect labor.

(4) Transferred 80% of the materials to the manufacturing assembly line.

(5) Completed 65% of the Work-in-Process during the year.

(6) Sold 85% of the completed goods.

(7) There were no beginning inventories.

What is the company's Cost of Goods Sold?

$180,960.

$153,816.

$278,400.

$236,640.

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