Quaid Company's accounting records reflect the following inventories: During 2019, $80,000 of raw materials were purchased, direct labor costs amounted to $40,000, and manufacturing overhead incurred was $20,000. If Quaid Company's cost of goods manufactured for 2019 amounted to $90,000, its cost of goods sold for the year is $100,000$150,000$140,000$200,000