37)Xia Company manufactures a single product. All raw materials used were direct materials. Current information for company follows: Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor used Total factory overhead incurred Beginning finished goods inventory Ending finished goods inventory $ 14,000 17,000 91,000 26,000 36,000 116,000 91,000 66,000 46,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Cost of Materials Used Option A $91,000 Option B $94,000 Cost of Goods Manufactured $285,000 $285,000 Cost of Goods Sold $265,000 $305,000