The following information relates to the operations of Cruz Manufacturing during the current year: Raw materials used$20,000 Direct labor wages 60,000 Sales salaries and commissions 50,000 Depreciation on production equipment 4,000 Rent on manufacturing facilities 30,000 Packaging and shipping supplies 6,000 Sales revenue 190,000 Units produced and sold 10,000 Selling price per unit$20.00 Based on this information, what is the company's cost of goods sold?
A. $114,000
B. $120,000
C. $170,000
D. $86,000
Answer: A
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