The following partially completed T accounts summarize the transactions of Card sheet Company for last year:

	Materials Inventory
	Beg Bal	1,000	18,000	(2)
	(1)	17,000
	Work in Process Inventory
	Beg Bal	9,000	62,300	(7)
	(2)	11,000
	(4)	15,000
	(6)	30,000
	Overhead
	(2)	7,000	30,000	(6)
	(3)	14,000
	(4)	7,000
	(5)	3,000
	Cost of Goods Sold
	Accounts Payable
			17,000	(1)
			3,000	(5)
	Finished Goods Inventory
	Beg Bal	16,000
	(7)	62,300
	End Bal	13,000
	Payroll Payable
			5,000	Beg Bal
			31,000	(4)
	Office Salaries Expense
	(4)	9,000
	Accumulated Depreciation (Factory)
			80,000	Beg Bal
			14,000	(3)

The cost of goods sold (after adjusting for under- or overapplied overhead) is

a. $34,300.

b. $60,300.

c. $66,300.

d. $92,300.