The Following Information Was Obtained from the Accounting Records of Stevenson

The following information was obtained from the accounting records of Stevenson Incorporated:
$\begin{array}{ll}\text { Direct materials purchased } & \$ 80,000 \\\text { Direct materials used } & \$ 54,000 \\\text { Direct manufacturing labor costs } & \$ 12,000 \\\text { Indirect manufacturing labor costs } & \$ 11,000 \\\text { Selling expenses } & \$ 16,000 \\\text { Administrative expenses } & \$ 22,000 \\\text { Factory utilities costs } & \$ 20,000 \\\text { Rental cost of factory machines } & \$ 50,000\\ \text {Work in process inventory, beginning }&0 \\ \text {Work in process inventory, end }&0 \\ \text {Finished goods inventory, beginning }&\$10,000 \\ \text {Finished goods inventory, end }&\$30,000 \\\end{array}$
What is Cost of Goods Sold?

A) $57,000
B) $77,000
C) $127,000
D) $147,000