Morris Company Manufacturers Computer Stands

Multiple Choice

Morris Company manufacturers computer stands. What is the beginning balance of Finished Goods Inventory if Cost of Goods Sold is $107,000; the ending balance of Finished Goods Inventory is $20,000; and Cost of Goods Manufactured is $50,000 less than Cost of Goods Sold?

A) $70,000
B) $77,000
C) $157,000
D) $127,000