Figure 2-7 $\begin{array}{lr}\text { Direct materials } & \$ 11 \\\text { Direct labor } & 8 \\\text { Overhead } & 15\end{array}$

Multiple Choice

Figure 2-7.Gateway Company produces a product with the following per-unit costs:
$\begin{array}{lr}\text { Direct materials } & \$ 11 \\\text { Direct labor } & 8 \\\text { Overhead } & 15\end{array}$ Last year, Gateway produced and sold 750 units at a sales price of $68 each. Total selling and administrative expense was $22,000.
-Refer to Figure 2-7. Cost of goods sold last year was?

A) $47,500
B) $25,500
C) $14,250
D) $51,000