The following costs were incurred by Griff Co., a manufacturer, during 2006:
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|
Accounting and legal fees |
$ 25,000 |
|
Freight-in |
175,000 |
|
Freight-out |
160,000 |
|
Officers salaries |
150,000 |
|
Insurance |
85,000 |
|
Sales representatives salaries |
215,000 |
What amount of these costs should be reported as general and administrative expenses for 2006?
- $260,000
- $550,000
- $635,000
- $810,000