133. Figure 2-2. Lonborg Co. had the following beginning and ending inventory balances for the year ended December 31, 2011: Januggg 1, 2011 December 31 2011 Materials $10,000 $ 8,000 Work in Process $18,000 $17,000 Finished Goods $21,000 $16,500 In addition, direct labor costs of $30,000 were incurred, overhead equaled $42,000, materials purchased were $27,000 and selling and administrative costs were $22,000. Lonborg Co. sold 25,000 units of product during the year at a sales price of $5.00 per unit. Refer to Figure 2-2. What was the amount of cost of goods manufactured for the year? A. $101,000 B. $124,000 C. $100,000 D. $102,000