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Cost accumulation accounting records were destroyed, the following information is available from some backup off-site records. -Biloxi Corp. applies overhead at the rate of 85 percent of direct labor cost. -The cost of goods sold for the company averages 75 percent of selling price. Sales from January 1 to the date of the hurricane totaled $2,876,400. -The company's wage rate for production employees is $23.22 per hour. A total of 25,760 direct labor hours were recorded from January 1 through September 25 . -January 1 inventories (of the current year) were as follows: $35,100 of Raw Material and $124,020 of Finished Goods. Raw materials purchased during the year totaled $1,517,896.80. -The amount of Work in Process Inventory at January (of the current year) was $26,280. Jobs 325 and Q428 were not in process on January 1 . -One job, R91, was completed and in the warehouse awaiting shipment on September 25 . The total cost of this job was $298,080.
Determine the following amounts Cost of goods sold for the year________
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