The following cost data pertains to GHI Inc. for December 31^st, 2019:

Beginning Work-in-Process:	$10,000
Ending Work-in-Process:	$5,000
Direct Materials Used:	$20,000
Direct Costs Incurred in Production:	$30,000
Actual Indirect costs incurred in Production:	$40,000
Beginning Finished Goods Inventories:	$40,000
Ending Finished Goods Inventories:	$20,000
Sales:	$190,000
Selling and Administrative Expenses:	$40,000

The dollar value of production transferred to finished goods inventory during the period was:

Multiple Choice

• $60,000

• $75,000

• $80,000

• $70,000