13) The following information was obtained from the accounting records of Stevie Nicks Incorporated: Direct materials purchased Direct materials used Direct manufacturing labor costs Indirect manufacturing labor costs Selling expenses Administrative expenses Factory utilities costs Rental cost of factory machines Work in process inventory, beginning Work in process inventory, end Finished goods inventory, beginning Finished goods inventory, end $80,000 76,000 15,000 13,000 16,000 22,000 23,000 100,000 0 0 10,000 30,000 C) $207,000 D) $231,000 What is Cost of Goods Sold? A) $211,000 B) $227,000