The following information was taken from Kay Companys accounting records for the year ended December 31^st:

Increase in Direct Materials inventory over period	$15,000
Decrease in finished goods inventory	$35,000
Direct Materials purchased	$430,000
Direct labour Payroll	$200,000
Factory Overhead Applied	$300,000
Freight Outwards	$45,000

There was no work in process inventory at the beginning or end of the period. Kays cost of goods sold is:

	A.	$965,000
	B.	$950,000
	C.	$975,000
	D.	$995,000