Manufacturing overhead has an overallocated balance of $5,000; raw materials inventory balance is $55,000; work in process inventory is $32,000; finished goods inventory is $27,000; and cost of goods sold is $120,000. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold? A. $115,000 B. $105,000 C. $120,000 D. $5,000