Concepts and principles.

Finished goods inventory, January $1$

Finished goods inventory, December $31$

$$3,900$

Total cost of goods sold

$4,700$

$15,600$

The cost of goods manufactured for the year is:

A$)$ $$11,700.$

B$)$ $$20,300.$

C$)$ $$16,400.$

D$)$ $$10,900.$

E$)$ $$19,500.$