Direct materials purchased $80,000 Direct materials used 76,000 Direct manufacturing labor costs 15,000 Indirect manufacturing labor costs 13,000 Selling expenses 16,000 Administrative expenses 22,000 Factory utilities costs 23,000 Rental cost of factory machines 100,000 Work in process inventory, beginning 0 Work in process inventory, end 0 Finished goods inventory, beginning 10,000 Finished goods inventory, end 30,000 What is Cost of Goods Sold? $207,000 $231,000 $227,000 $211,000