Current information for the Austin Company follows:
Beginning raw materials inventory $ 16,300
Beginning goods in process inventory 23,500
Ending raw materials inventory 17,700
Ending goods in process inventory 29,100
Direct labor 43,900
Total factory overhead 31,100
Raw material purchases 61,100
All raw materials used were traceable to specific batches of product. Austin Company's cost of goods manufactured for the year is:
$129,100.
$134,700.
$131,900.
$140,300.
$143,100.