The Accounting Records of Greenwood Company Revealed the Following Information

Multiple Choice

The accounting records of Greenwood Company revealed the following information: $\begin{array} { l r } \text { Work in process inventory - Jan 1 } & \$ 58,000 \\\text { Work in process inventory - Dec } 31 & 49,000 \\\text { Finished goods inventory - Jan 1 } & 125,000 \\\text { Finished goods inventory - Dec } 31 & 158,000 \\\text { Cost of goods manufactured } & 754,000\end{array}$ Greenwood's cost of goods sold is:

A) $721,000.
B) $730,000.
C) $739,000.
D) $778,000.
E) $787,000.