Richards Company manufactures a single product. All raw materials used were direct materials. 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 are:

Cost of Materials Used Cost of Goods Manufactured Cost of Goods Sold

Option A $$108,000$ $$347,000$ $$337,000$

Option B $$110,000$ $$347,000$ $$357,000$

Option C $$106,000$ $$317,000$ $$337,000$

Option D $$106,000$ $$347,000$ $$357,000$

Option E $$110,000$ $$317,000$ $$347,000$