Arti is reviewing the cost structure of different products. The following information relate a product. Work in Process Inventory, beginning of the year$ 9,000 Manufacturing overhead applied during the year$20,000 Work in Process Inventory, end of the year$14,000 Finished Goods Inventory, beginning of the year$ 7,500 Finished Goods Inventory, end of the year$ 5,000 Cost of Goods Sold during the year$75,000 Calculate the cost of goods manufactured during the year.

a.Cannot be calculated with the information given.

b.$67,500.

c.$70,500.

d.$72,500.

e.$74,500.