The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30:

Purchases of direct materials	$ 72,000
Direct materials used	$ 70,000
Direct labor costs assigned to production	$ 40,000
Manufacturing overhead costs incurred	$ 60,000

Balances in inventory	September 30	September 1
Materials	$ ?	$ 60,000
Work in Process	$ 35,000	$ 45,000
Finished Goods	$ 88,000	$ 76,000

The cost of goods sold in September is:

Multiple Choice

• $190,000.

• $158,000.

• $168,000.

• Some other amount.