Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information for company follows:

Beginning raw materials inventory	$	27,000
Ending raw materials inventory		30,000
Raw material purchases		104,000
Beginning work in process inventory		39,000
Ending work in process inventory		49,000
Direct labor		129,000
Total factory overhead		104,000
Beginning finished goods inventory		79,000
Ending finished goods inventory		59,000

The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is:

Multiple Choice

• 	Cost of Materials Used	Cost of Goods Manufactured	Cost of Goods Sold
  A.	$104,000	$324,000	$304,000

• B.

  $107,000

  $324,000

  $344,000

• D.

  $101,000

  $324,000

  $344,000

• C.

  $101,000

  $344,000

  $304,000

• E.

  $107,000

  $344,000

  $324,000