A firm uses backflush costing to assign product costs to inventory and values inventory using throughput accounting. All actual cost and unit figures below are equal to budgeted amounts. (Treat in process units as 100% complete, and treat units started as total equivalent units.)

Total DM	$160,000
Total DL	$40,000
Total Variable OH	$100,000
Total Fixed OH	$100,000
Units started	100,000
Units unsold	300
Units in process	700

There are $2,000 of raw materials leftover at the end of the period. After backflushing costs, what is the balance of the cost of goods sold account?

Answers:	a. $156,400
	b. $196,000
	c. $158,400
	d. $198,000