A company began operations on January 1, 20x3. The company uses a job order system and started the following jobs during January 20x3:

	Job 101	Job 102	Job 103
Direct materials	$18465	$22691	$38567
Direct labour hours	913	1240	743

Additional information is as follows:
Total estimated overhead	$318843
Total estimated direct labour hours	15286
Actual direct labour rate	$16 per direct labour hour

All three jobs were completed by the end of January 20x3. Finished goods at January 31, 20x3 included Job 101 only.

What is Cost of Goods Sold for January 20x3?

Select one:

a. $52117

b. $134348

c. $92986

d. $ 79723