Calculate the Cost of Goods Manufactured, Purchased and Sold? 

Richards Company manufactures a single product. All raw materials used were direct materials. Current information for the 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 Total factory overhead. Beginning finished goods inventory Ending finished goods inventory $ 29,000 31,000 109,000 59,000 44,000 149,000 79,000 74,000 64,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Cost of Materials Used Cost of Goods Cost of Manufactured Goods Sold Option A $109,000 $350,000 $340,000 Option B $111,000 $350,000 $360,000 Option C $107,000 $320,000 $340,000 Option D $107,000 $350,000 $360,000 Option E $111,000 $320,000 $350,000