Work in process inventory, beginning of the year	$ 9 000
Manufacturing overhead applied during the year	$ 20 000
Work in process inventory, end of the year	$ 14 000
Finished goods inventory, beginning of the year	$ 7 500
Finished goods inventory, end of the year	$ 5 000
Cost of goods sold during the year		$ 75 000

Calculate the cost of goods manufactured during the year.

Select one:

$67 500

$70 500

$72 500

$62 500