Question - Suppose a bakery reports this information:
| Beginning Raw Materials Inventory |
$5,000 |
| Ending Raw Materials Inventory |
4,000 |
| Beginning Work-in-Process Inventory |
4,000 |
| Ending Work-in-Process Inventory |
3,000 |
| Beginning Finished Goods Inventory |
3,000 |
| Ending Finished Goods Inventory |
5,000 |
| Direct Labor |
31,000 |
| Purchases of Raw Materials |
101,000 |
| Manufacturing Overhead |
18,000 |
What is the cost of goods manufactured?
A.$ 150,000
B.$ 149,000
C.$ 174,000
D.$ 152,000