Cando Manufacturing Inc. (CMI) produces toys for small children. CMI's schedule of cost of goods manufactured for 2023 is as follows: Direct materials used $ 58,000 Direct labour 95,000 Manufacturing overhead 125,000 Total manufacturing costs 278,000 Add: opening work-in-process inventory 23,000 Less: closing work-in-process inventory (26,000) Cost of goods manufactured $ 275,000 Which one of the following represents CMI's prime cost for 2023? Spreadsheet Xlsx Available answer options Select only one option A $ 58,000 B $153,000 C $220,000 D $278,000