The Gross Profit of Larry Company for 2015 Is $300,000

Multiple Choice

The gross profit of Larry Company for 2015 is $300,000, cost of goods manufactured is $400,000, the beginning inventories of goods in process and finished goods are $28,000 and $35,000, respectively, and the ending inventories of goods in process and finished goods are $50,000 and $70,000, respectively. The cost of goods sold of Larry Company for 2015 must have been

A) $378,000.
B) $265,000.
C) $278,000.
D) $365,000.