The following information was taken from Cody Co.'s accounting records for the year ended December 31, 2016. Decrease in raw materials inventory Raw matenal purchased $15,000 Increase in finished goods inventory 35,000 430,000 200,000 300,000 45,000 Direct labor payroll Factory overhead Freight-out There was no work in process inventory at the beginning or end of the year. Cody's 2016 cost of goods sold is: Select one: O a. $895,000 O b. $910,000 O c. $950,000 O d. $945,000 O e. $865,000