The Milo Company's records for May contain the following information: Actual direct labour hours 9,000 hours Actual direct labour cost $47,000 Direct material purchased $16,000 Direct material used $14,000 Cost of goods sold $100,000 Over-applied overhead $5,000.

Ending inventories:

-Raw materials $30,000

-Work in process 50,000

-Finished goods 70,000 The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs. Assuming no beginning inventory for Work, the cost of goods manufactured is:

$11,000.

$156,000.

$56,000.

$51,000.