The following information was taken from Anna Company's accounting records for the year ended December 31,2012

Increase in raw materials inventory 15,000

Decrease in finished goods inventory 35,000

Raw materials Purchased 430,000

Direct manufacturing labor payroll 200,000

Factory Overhead 300,000

Freight - out 45,000

There was no work in process inventory at the beginning or end of the year. Anna's 2012 cost of goods sold is?

a.) 995,000

b.) 965,000

c.) 975,000

d.) 950,000