The following data are taken from MAY financial statements from a Manufacturing Company.

Beginning work in process inventory: $4,550

Ending work in process inventory: $3,220

Beginning finished goods inventory: $7,840

Ending finished goods inventory: $8,110

Direct materials used: $14,060

Direct labor: $12,400

Indirect labor: $1,550

Indirect materials: $2,180

Factory insurance: $1,800

Factory depreciation: $4,300

Administrative expenses: $3,760

Assume that cost of goods manufactured equals $36,500. What amount of cost of goods sold would be reported byManufacturing Company on the MAY income statement?

Select one:

a. $37,830

b. $35,170

c. $36,770

d. $36,230