Company C produced 10,000 units of Product C-123 for the month of October
200A. The prime cost for the month is $50,000, the direct labor is $15,000, and the
manufacturing overhead cost is $10,000. Company C sold 8,000 units in October for
$10 per unit. Also, there were no ending inventories for the month of September
200A. How much is the total cost of goods sold for the month of October 200A?
1. $80,000
2. $60,000
3. $52,000
4. $48,000