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Sanchez Company has no beginning and ending inventories, and reports the following data about its...

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Accounting

Sanchez Company has no beginning and ending inventories, and reports the following data about its only product:

Direct materials used $100,000

Direct labor $80,000

Fixed indirect manufacturing $100,000

Fixed selling and administrative $170,000

Variable indirect manufacturing $20,000

Variable selling and administrative $90,000

Selling price(per unit) $100

Units produced and sold 12,000

Sanchez Company uses the absorption approach to prepare the income statement. What is the manufacturing cost of goods sold?

A) $270,000

B) $300,000

C) $390,000

D) $500,000

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