Holden Industries Began July with a Finished-Goods Inventory of $48,000

Multiple Choice

Holden Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of July was $56,000 and the cost of goods sold during the month was $125,000. The cost of goods manufactured during July was:

A) $104,000.
B) $125,000.
C) $117,000.
D) $133,000.
E) None of the other answers are correct.