Nate’s Novelties, Inc -Cost of Goods Sold for July Is:
A) $106 000

Nate’s Novelties, Inc. has the following information available for July:
$\begin{array}{c}\begin{array}{l} \text {Raw materials inventory }\\ \text {Work-in-process inventory}\\ \text { Finished goods inventory}\\\\ \text {Raw materials purchased}\\ \text {Direct labour costs}\\ \text { Overhead costs}\\\end{array}\begin{array}{rr}\$ 12000 & \$ 9000 \\35000 & 20000 \\20000 & 44000 \\& \\& \$ 25000 \\& 55000 \\& 35000\end{array}\end{array}$

-Cost of goods sold for July is:

A) $106 000
B) $157 000
C) $129 000
D) $109 000