the following events took place at a manufacturing company for the current year: (1) purchased $103,000 in direct materials. (2) incurred labor costs as follows: (a) direct, $64,000 and (b) indirect, $21,600. (3) other manufacturing overhead was $115,000, excluding indirect labor. (4) transferred 75% of the materials to the manufacturing assembly line. (5) completed 60% of the work-in-process during the year. (6) sold 80% of the completed goods. (7) there were no beginning inventories. what is the company's cost of goods sold?