7) The Never-Tear Company is a manufacturer of paper bags. Its inventory accounts at the be-ginning and end of a month were as follows: Raw materials. Work in process Finished goods.. Beg $ 25,000 38,000 23,000 End $ 22,000 43,000 29,000 During the month, the Never-Tear Company incurred costs as follows: Raw materials purchased.. Factory labor costs. Other factory costs Selling expenses... Administrative expenses. $ 48,000 67,000 15,000 9,000 12,000 The cost of goods sold for the month amounted to: A. $119,000 B. $122,000 C. $134,000 D. $140,000 E. $145,000