Use the following 2016 account balances for Sean Kelly company to calculate the cost of goods manufactured in 2016. 2016 Beginning End Materials inventory $ 2,000 $ 4,000 Work-in-process inventory 5,000 3,000 Finished goods inventory 10,000 20,000 Materials purchased 40,000 Direct labor 20,000 Factory overhead 25,000 Selling & admin. expenses 20,000 Revenues 120,000 O a. $89,000 O b.$85,000 O c. $87,500 O d. $91,000