Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information for company follows: $ 8,000 11,000 85,000 20,000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory 30,000 110,000 85,000 60,000 40,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is: Cost of Materials Used A. $85,000 Cost of Goods Manufactured $ 267,000 Cost of Goods Sold $247,000 $287.000 $267.000 S88.000 85,000 60,000 Total factory overhead Beginning finished goods inventory Ending finished goods inventory 40,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is: Cost of Materials Used A. $85,000 Cost of Goods Manufactured $ 267,000 Cost of Goods Sold $247,000 $287,000 $ 267,000 $88,000 B. $287,000 c. $82,000 $247,000 $287,000 $ 267,000 D. $82,000 $287,000 $ 267,000 SR8,000