Reference: 14_02
the Following Information Is Available for Talking Toys

Reference: 14_02
The following information is available for Talking Toys, Inc. for the current year:
$\begin{array}{lr}\text { Direct materials used } & \$ 12,500 \\\text { Goods in process, January 1 } & 50,000 \\\text { Goods in process, December 31 } & 37,000 \\\text { Total Factory overhead } & 5,500 \\\text { Direct labor used } & 26,500\end{array}$
-The total cost of goods manufactured for the year was:

A) $13,000
B) $44,500
C) $57,500
D) $94,500.
E) $52,000