The following information was taken from Cody Companys accounting records:

Increase in raw materials inventory	$15,000
Decrease in finished goods inventory	35,000
Raw materials purchased	430,000
Direct-labor payroll	200,000
Factory overhead	300,000
Freight-out	45,000

Cody had no work-in-process inventory at the beginning or end of the year. Cost of goods sold was

A.

$995,000

B.

$965,000

C.

$975,000

D.

$950,000