The Duerr Company Manufactures a Single Product The Company's Cost of Raw Materials Used, Cost of Goods

The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the Duerr Company follows: $$\begin{array} { l | l } \text { Beginging raw materials inventory } & \$ 8,000 \\\hline \text { Ending raw materials inventory } & 11,000 \\\hline \text { Raw material purchases } & 85,000 \\\hline \text { Beginging work in process inventory } & 20,000 \\\hline \text { Ending work in process inventory } & 30,000 \\\hline \text { Direct labor } & 110,000 \\\hline \text { Total factory overhead } & 85,000 \\\hline \text { Beginging finished goods inventory } & 60,000 \\\hline \text { Ending finithed goods inventory } & 40,000\end{array}$$ The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is:

A) Cost of Materials Used = $82,000
Cost of Goods Manufactured = $287,000
Cost of Goods Sold = $247,000
B) Cost of Materials Used = $88,000
Cost of Goods Manufactured = $287,000
Cost of Goods Sold = $267,000
C) Cost of Materials Used = $88,000
Cost of Goods Manufactured = $267,000
Cost of Goods Sold = $287,000
D) Cost of Materials Used = $82,000
Cost of Goods Manufactured = $267,000
Cost of Goods Sold = $287,000
E) Cost of Materials Used = $85,000
Cost of Goods Manufactured = $267,000
Cost of Goods Sold = $247,000