Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the company follows:

Beginning raw materials inventory	$	28,000
Ending raw materials inventory		30,000
Raw material purchases		108,000
Beginning work in process inventory		58,000
Ending work in process inventory		43,000
Direct labor		148,000
Total factory overhead		78,000
Beginning finished goods inventory		73,000
Ending finished goods inventory		63,000

The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:

Multiple Choice

• 	Cost of Materials Used	Cost of Goods Manufactured	Cost of Goods Sold
  A.	$108,000	$347,000	$337,000

• B.

  $110,000

  $347,000

  $357,000

• C.

  $106,000

  $317,000

  $337,000

• D.

  $106,000

  $347,000

  $357,000

• E.

  $110,000

  $317,000

  $347,000