A manufacturer reports the following for the year:

10,000 Finished goods, beginning

25,000 Finished goods, ending

5,000 W-I-P, beginning

12,000 W-I-P, ending

150,000 Sales

80,000 Cost of goods manufactured

Determine the cost of goods sold for the year.

a.

55,000

b.

58,000

c.

65,000

d.

73,000

e.

95,000

f.

none of the above