The Following Information Was Extracted from the Accounting Records of Chamberlain

The following information was extracted from the accounting records of Chamberlain Manufacturing Company: $\begin{array}{ll}\text { Direct materials purch ased } & \$ 80,000 \\\text { Direct material s used } & 76,000 \\\text { Direct manufacturing lab or costs } & 10,000 \\\text { Indirect manufacturing lab or costs } & 12,000\\\text { Sales sal aries } & 14,000 \\\text { Other factory expens es } & 22,000 \\\text { Selling and administrative expenses } & 20,000\end{array}$ The cost of goods manufactured is:

A) $154,000
B) $162,000
C) $120,000
D) $128,000