During its first year of operations, Silverman Company paid $12,625 for direct materials and $10,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,000 while general, selling, and administrative expenses totaled $4,500. The company produced 5,750 units and sold 3,500 units at a price of $8.00 a unit.

What is Silverman's cost of goods sold for the year? (Do not round intermediate calculations.)

a.$27,125

b. $16,511

c. $31,625

d. $19,250