Beta Company manufactures steel. The first-in, first-out equivalent units for December are 17,000. The costs in beginning work-in-process are $2,300, and the costs added in December are $136,000. The units started and completed are 12,000. At the beginning of the period, there are 3,300 units in beginning work-in-process, 70% complete. Calculate the cost of goods completed and transferred out. a.$116,780 b.$103,920 c.$106,220 d.$114,480