Toronto Industries Inc. had the following activities during the year: Direct materials Used $ 130,000 45,000 35,000 12,000 Direct manufacturing labour Manufacturing overhead Ending work-in-process inventory Beginning work-in-process inventory Ending finished goods inventory Beginning finished goods inventory 3,000 50,000 55,000 REQUIRED: What is Toronto's cost of goods sold during the year? O a $ 206,000 b. $ 224,000 c. $ 202,000 Od $ 216,000