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 Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 17,000 19,000 97,000 47,800 32,000 137,000 67,000 62,000 52,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is Cost of Materials Used $97,000 Cost of Goods Manufactured $314,000 Cost of Goods Sold $304,000 A. B. $99,000 $314,000 $324,000 C. $95,000 $284,000 $304,000 D. $95,000 $314,000 $324,000 E. $99,000 $284,000 $314,000