Problem E (15 points) Show your work. Compute the cost of goods sold based on the following information

Problem E (15 points) Show your work. Compute the cost of goods sold based on the following information: Depreciation factory Direct material purchases Factory maintenance General and administrative costs Indirect materials Inventory information Direct materials Work in process Finished goods $5,980 $19,260 $4,700 $14,420 Beginning $2,460 $5,180 $12,540 Direct labor Factory insurance Factory utilities Indirect labor Selling expenses Ending $2,900 $6,660 $11,100 $16,480 $1,720 $3,360 $3,680 $13,520