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Business, 05.05.2020 09:19 lberries08

Oriole Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following:

Debit Credit
Sales revenue $277000
Cost of goods sold $168000
Administrative expenses 35000
Loss on disposal of equipment 17400
Sales commission expense 16300
Interest revenue 10300
Freight-out 5900
Loss from discontinued operations 24500
Bad debt expense 6400

Other information:
Oriole's income tax rate is 30%.
Finished goods inventory:
January 1, 2020 $158000
December 31, 2020 141000

On Oriole's multiple-step income statement for 2020, Cost of goods manufactured is:

A. $190900
B. $185000
C. $156900
D. $151000.

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