Cost of goods manufactured equals $69,000 for 2015. Finished goods inventory is $5,500 at theend of the year and $2,000 at thebeginning of the year. Beginning and ending work in process for 2015 are $5,000 and $4,000, respectively. How much is cost of goods sold for the year?

Select one:

A. $72,500B. $65,500C. $63,500D. $70,500E. None of the above