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The Milo Company's records for May contain the following information:

Actual direct labour hours	9,000 hours
Actual direct labour cost	$47,000
Direct material purchased	$16,000
Direct material used	$14,000
Cost of goods sold	$100,000
Overapplied overhead	$5,000

Ending inventories:

Raw materials	$30,000
Work in process	50,000
Finished goods	70,000

The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs.

Assuming no beginning inventory for Work in Process, the cost of goods manufactured is:

Multiple Choice

• $56,000

• $11,000

• $51,000

• $156,000