Champagne of the South, Inc. is a manufacturer of bottled sweet tea. The company's Raw Materials Inventory only contains direct materials. $27,000 in Raw Materials were purchased during the year. The ending Raw Materials Inventory was $2,000 higher than the beginning Raw Materials Inventory. The company began the year with $17,000 in its Work in Process Inventory. By year end, the Work in Process Inventory had increased to $18,000. At year end, the company reported $15,600 in its Finished Goods Inventory, which was a net decrease of $4,500 from the beginning of the year. The following costs were incurred during the year direct labor costs of $30,000, factory supervisor's salary of $10,000, factory utilities of $12,000, factory depreciation of $9,000, factory rent of $8,000, indirect factory materials of $500, and selling, general, and administrative expenses of $22,000. The company uses actual costing to account for manufacturing overhead costs. What was the cost assigned to the units completed during the year? O A. $89,000 B. $93,500 OC. $97,500 D. $94,500 E. $98,000