The following transactions and events occurred during the year:
– $300,000 of raw materials were purchased, of which $20,000 were returned because of defects
– $600,000 of direct labor costs were incurred.
– S750.000 of manufacturing overhead costs were incurred.
What is the organization’s cost of goods sold for the year?
A . $1.480.000
B . $1 500 000
C . $1,610.000
D . $1650 000
Answer: B