Use the Following Information for Questions
Caltreck Manufacturing Inc

Use the following information for questions
Caltreck Manufacturing Inc.'s accounting records reflect the following inventories: $\begin{array}{lrr}&\text { Dec. } 31,2015&\text { Dec. } 31,2016\\\text { Raw materials inventory } & \$ 100,000 & \$ 80,000 \\\text { Work in process inventory } & 130,000 & 145,000 \\\text { Finished goods inventory } & 125,000 & 115,000\end{array}$ During 2016, Caltreck purchased $950,000 of raw materials, incurred direct labour costs of $125,000, and incurred manufacturing overhead totalling $160,000.
-Assume Caltreck Manufacturing's cost of goods manufactured for 2016 amounted to $1,200,000.How much would it report as cost of goods sold for the year?

A) $1,210,000
B) $1,250,000
C) $1,325,000
D) $1,190,000