Tranham, Inc How Much Will Tranham Report as Cost of Goods Sold

Tranham, Inc.uses a job-order costing system.It reported the following amounts for March $\begin{array}{lrlr}\text { Work in process, March 1 } & \$ 38,000 & \text { Finished goods, March 1 } & \$ 14,000 \\\text { Work in process, March 31 } & 35,000 & \text { Finished goods, March 31 } & 17,500 \\\text { Cost of goods manufactured } & 169,000 & \text { Raw materials, March 1 } & 12,300 \\\text { Direct labor used } & 64,000 & \text { Raw materials, March 31 } & 12,000 \\\text { Selling costs incurred } & 32,000 & \text { Direct materials used } & 63,000\end{array}$ How much will Tranham report as cost of goods sold for the month of March?

A) $169,000
B) $172,000
C) $183,000
D) $165,500