Using the following data for February, calculate the cost of goods manufactured (cost of finished goods):

Direct materials...................................................... $38,000

Direct labor ............................................................ $20,000

Manufacturing overhead ........................................ $39,000

Beginning work in process inventory .................... $20,000

Ending work in process inventory ......................... $23,000

The cost of goods manufactured was:

Select one:

a. $75,000

b. $78,000

c. $94,000

d. $89,000