Answer the Following Questions Using the Information Below:
Leslie Manufacturing

Multiple Choice

Answer the following questions using the information below:
Leslie Manufacturing reported the following:
$$\begin{array} { | l | r | } \hline\text { Revenue } & \$ 450,000 \\\hline \text { Beginning inventory of direct materials, January 1, 2015 } & 20,000 \\\hline \text { Purchases of direct materials } & 156,000 \\\hline \text { Ending inventory of direct materials, December 31, 2015 } & 18,000 \\\hline \text { Direct manufacturing labor } & 21,000 \\\hline \text { Indirect manufacturing costs } & 42,000 \\\hline \text { Beginning inventory of finished goods, January 1, 2015 } & 40,000 \\\hline \text { Cost of goods manufactured } & 114,000 \\\hline \text { Ending inventory of finished goods, December 31, 2015 } & 45,000 \\\hline \text { Operating costs } & 150,000 \\\hline\end{array}$$
-What is Leslie's cost of goods sold?

A) $103,000
B) $109,000
C) $112,000
D) $118,000