Compute the Cost of Goods Sold for 2016 using the following information:

Direct Materials, Jan. 1, 2016

$40,000

Work-in-Process, Dec. 31, 2016

69,000

Direct Labor

48,500

Finished Goods, Dec. 31, 2016

105,000

Finished Goods, Jan. 1, 2016

128,000

Manufacturing Overhead

72,500

Direct Materials, Dec. 31, 2016

43,000

Work-in Process, Jan. 1, 2016

87,000

Purchases of Direct Material

75,000

A) $211,000

B) $234,000

C) $198,000

D) $244,000