Paxton Company purchased $$16,000$ of materials during the month of April and had the following information regarding the inventory balances at the beginning and end of the month:

April $1$ April $30$

Materials $$22,000$ $$8,500$

Work in process $43,60050,850$

Finished goods $80,47271,490$

The company also incurred $$18,000$ in direct labor costs and $$38,000$ in overhead costs. What is the cost of goods manufactured for Paxton Company at the end of April?

a$.$ $$85,500$

b$.$ $$78,250$

c$.$ $$29,500$

d$.$ $$69,500$