Account balances are as follows:

Manufacturing overhead	$240,000 underapplied
Work in process	100,000
Finished goods	300,000
Cost of goods sold	800,000

If underapplied or overapplied overhead is material and is allocated to Work in Process, Finished Goods, and Cost of Goods Sold (based on ending account balances), Cost of Goods Sold after adjustment would have a balance of

A) $1,440,000

B) $640,000

C) $1,040,000

D) $ 960,000