The Accounting Records of Dauphin Company Revealed the Following Information

The accounting records of Dauphin Company revealed the following information: $\begin{array} { l r } \text { Total manufacturing eosts } & \$ 530,000 \\\text { Work in process inventory - Jan 1 } & 56,000 \\\text { Work in process inventory - Dec 31 } & 78,000 \\\text { Finished goods inventory - Jan 1 } & 146,000 \\\text { Finished goods inventory - Dee 31 } & 123,000\end{array}$ Dauphin's cost of goods sold is:

A) $508,000.
B) $529,000.
C) $531,000.
D) $553,000.
E) $575,000.