Leiser Mfg.'s Finished Goods Inventory at January 1, 2010, is $150,000. Leiser estimates that $520,000 of manufacturing costs and $358,000 of general and administrative costs will be incurred during 2010. The company expects that $550,000 of goods will be completed during the year. Leiser has budgeted Work in Process and Finished Goods Inventory balances for December 31, 2010, of $75,000 and $225,000, respectively. What is Leiser Manufacturing's estimated cost of goods sold for 2010?

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The Answer of Leiser Mfg.'s Finished Goods Inventory at January 1, 2010, is $150,000. Leiser estimates that $520,000 of manufacturing costs and $358,000 of general and administrative costs will be incurred during 2010. The company expects that $550,000 of goods will be completed during the year. Leiser has budgeted Work in Process and Finished Goods Inventory balances for December 31, 2010, of $75,000 and $225,000, respectively. What is Leiser Manufacturing's estimated cost of goods sold for 2010?