A local small manufacturer, Rhino Arts, uses a normal costing system to maintain costing information The records for the current year revealed the following data:

Work in Process, Ending Balance $ 37,150 Finished Goods, Ending Balance 65,000 Cost of Goods Sold for year 239.800 Direct Labor cost for year 101,600 Direct Material put into production for the year 94,200 Assume that Rhino Arts has overapplied overhead of $5,430 and that this amount is immaterial.

What is the balance in Cost of Goods Sold after the overapplied overhead is closed?

Group of answer choices $239,800 $234,370 $201,230 $245,230