Frosting Corp. has provided the following relating to the most recent month $($August $31,2020)$ of operations, for their main product, cupcakes

Baker's salaries $20,000$

Finished goods inventory, beginning $18,000$

Finished goods inventory, ending $20,000$

General & administrative expenses $20,000$

Indirect materials $17,500$

Production Supervisor, Salary $21,000$

Purchases of raw materials $28,000$

Raw materials inventory, ending $19,000$

Raw materials inventory, beginning $18,000$

Rent on production factory $19,000$

Rent, retail store $18,000$

Sales $243,000$

Utilities on production factory $17,500$

Utilities, retail store $17,000$

Wages, retail staff $20,000$

WIP inventory, beginning $19,500$

WIP inventory, ending $21,500$

What was the cost of goods sold for the period?

Group of answer choices

$$123,000$

$$118,000$

$$121,000$

$$120,000$