Hendrix & Frenks Company had the following beginning and ending inventory balances for the current year ended December 31: Materials Work in Process Finished Goods January 1 $11,000 19,800 23,100 December 31 $ 8,800 18,700 18,150 In addition, direct labor costs of $33,000 were incurred, manufacturing overhead equaled $46,200, materials purchased were $29,700, and selling and administrative costs were $24,200. Hendrix & Franks Co. sold 27,500 units of product during the year at a sales price of $5.25 per unit. What was the amount of cost of goods manufactured for the year? a. $112,200 b. $124,000 c. $10,000 d. $100.000