Use the information below to answer the following question. Montreal Industries Inc. had the following activities during the year: Direct materials: Beginning inventory $50,000 Purchases 154,000 Ending inventory 26,000 Direct manufacturing labour 40,000 Manufacturing overhead 30,000 Ending work-in-process inventory 10,000 Beginning work-in-process inventory 2.000 Ending finished goods inventory 40.000 Beginning finished goods inventory 60.000 What is Montreal's cost of goods sold during the year? Select one: O a $260,000 O b. $232,000 O c. $220,000 O d. $200,000