During 2018, Eddy Co. paid $16,000 for direct material, $17,000 in wages for production workers, and $24,000 in wages for sales personnel. Lease payments and utilities on the production facilities amounted to $7,000. General, selling, and administrative expenses were $6,000. The company owns a manufacturing equipment. The original cost of the equipment is $30,000 and has a salvage value of $5,000 after 5 years. Depreciation on sales car equals $6,000. The company produced 5,000 units and sold 3,000 units at a price of $10.00 a unit. The cost of goods sold is which of the following amounts?

1. During 2018, Eddy Co. paid S16,000 for direct material, $17,000 in wages for production workers, and $24,000 in wages for sales personnel. Lease payments and utilities on the production facilities amounted to $7,000. General, selling, and administrative expenses were $6,000. The company owns a manufacturing equipment. The original cost of the equipment is S30,000 and has a salvage value of S5,000 after 5 years. Depreciation on sales car equals S6,000. The company produced 5,000 units and sold 3,000 units at a price of S10.00 a unit. The cost of goods sold is which of the following amounts A. S64,000 B. S32,000 C.$27,000 D. S45,000