Swan Co. has the following information for January: Cost of direct materials used in production: $25,000; Direct manufacturing labor: $35,000; Total Indirect manufacturing costs (Factory overhead): $20,000; Work in process inventory January 1: $30,000; Work in process inventory January 31: $25,000; Finished goods inventory January 1: $15,000; Finished goods inventory January 31: $12,000. For the month of January, determine the Cost of Goods Manufactured.

		$100,000
		$110,000
		$88,000
		$85,000