Manufacturing Overhead Has an Overallocated Balance of $5,000; Raw Materials

Manufacturing overhead has an overallocated balance of $5,000; raw materials inventory balance is $55,000; work in process inventory is $32,000; finished goods inventory is $27,000; and cost of goods sold is $120,000. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold?

A) $120,000
B) $5,000
C) $115,000
D) $125,000