Consider the following account balances for Dania company

account balance of	Beginning of 2020	Endding of 2020
Work-in-process	$ 90,000	$ 110,000
Finished goods	$85,000	$60,000

Direct materials used $500,000, Conversion cost expensed during the period $250,000, Selling expenses $40,000 and Administrative expenses $24,000

Compute the Cost of goods manufactured and the Cost of goods sold

a.

Cost of goods manufactured $800,000 and Cost of goods sold $865,000

b.

Cost of goods manufactured $730,000 and Cost of goods sold $755,000

c.

Cost of goods manufactured $720,000 and Cost of goods sold $675,000

d.

Cost of goods manufactured $770,000 and Cost of goods sold $825,000

e.

Cost of goods manufactured $700,000 and Cost of goods sold $735,000