Hendrix & franks company had the following beginning and ending inventory balances for the current year ended december 31:
january 1 december 31
materials $11,000 $ 8,800
work in process 19,800 18,700
finished goods 23,100 18,150
in addition, direct labor costs of $33,000 were incurred, manufacturing overhead equaled $46,200, materials purchased were $29,700, and selling and administrative costs were $24,200. hendrix & franks co. sold 27,500 units of product during the year at a sales price of $5.25 per unit. what was the amount of cost of goods manufactured for the year?
a.$106,500
b.$102,000
c.$111,100
d.$123,000

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