A company has provided the following data for the month of May: Inventories: Work in process Finished goods Beginning Ending $ 35,000 $30,000 $ 64,000 $68,000 Additional information: Direct materials Direct labor cost Manufacturing overhead cost incurred Manufacturing overhead cost applied to work in Process $ 75,000 $195, eee $ 81, eee $ 79,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The adjusted cost of goods sold (that is, cost of goods sold adjusted for underapplied or overapplied overhead) for May is: Multiple Choice $264,000 $260,000 $259,000 $262.000 Prey 1 of 12 !!! Next >