Lee Limited began operations on January 1, 2012. The following data relate to the company's first 2 years in business: 
What is the correct cost of goods sold for 2013?
Definitions:
Section Modulus (SM)
A geometric property of a cross-section used in engineering to design for bending, indicating the strength of a beam or structural member.
Hardened Steel
Steel that has been treated through a heating and cooling process to increase its hardness and strength, making it resistant to wear and tear.
Low Hydrogen
Low hydrogen refers to specific types of welding electrodes that produce welds with lower hydrogen content, reducing the risk of hydrogen embrittlement and cracks in welded metals.
Arc Welding Electrodes
Consumable or non-consumable pieces of metal in arc welding that conduct a current to join metallic parts.
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