https://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false mework - Part 2 eBook Show Me How GO Cost of Goods Sold, Income Statement Ellerson Company provided the following information for the last calendar year: GO Beginning inventory: ALGO Direct materials $68,000 Work in process 29,400 Finished goods 43,200 Ending inventory: Direct materials $70,400 Work in process 40,000 Finished goods 42,100 During the year, direct materials purchases amounted to $280,000, direct labor cost was $189,000, and overhead cost was $525,000. During the year, 100,000 units were completed. Last calendar year, Ellerson recognized revenue of $1,315,000 and had selling and administrative expenses of $204,300. Required: 1. What is the cost of goods sold for last year? Feedback Check My Work 1. Cost of goods manufactured plus beginning finished goods inventory less ending finished goods inventory equals cost of good sold.