Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Lucas Diving Supplies Company, in its first year of business, had labor costs of $83,000, overhead costs of $115,000, materials purchases of $52,000, and ending Materials and Work-in-Process Inventories of $4,000 and $3,000, respectively. What is the amount of cost of goods manufactured in the first year of operations?