Question 6 The following cost information is presented for Phoenix Ltd. for the most recent period. Cost of direct material used in manufacturing $92,500 Direct labour costs 25,500 Manufacturing overhead 7,000 Sales commissions at 8% of sales 32,500 Opening finished goods inventory 9,500 Opening work-in-process inventory 6,500 Ending finished goods inventory 22,500 Ending work-in-process inventory 17,500 What was the cost of goods manufactured for Phoenix? A) $114,000 B) $128,000 C) $146,500 D) $112,000 E) $125,000 Enter only the letter of the correct response in the space below (i.e. A, B, C, D, or E)