The Cost of Goods Sold for a Manufacturing Firm for the Month

Multiple Choice

The cost of goods sold for a manufacturing firm for the month of January was $90,000.The finished goods inventory was $15,000 on January 1 and $17,500 on January 31.Beginning and ending work-in-process inventories were $20,000 and $25,000,respectively.What was the cost of goods manufactured during January?

A) $87,500
B) $90,000
C) $92,500
D) $97,500