Question: 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=

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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