Ajax Company had the following information for the year:

Direct materials used $190,000

Direct labor incurred (7000 hrs) $245,000

Actual Manufactoring overhead incurred $273,000

Ajax Company used a predetermined overhead rate using estimated overhead of $320,000 and 8000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $9,000. What was adjusted cost of goods sold?

Ajax Company used a predetermined overhead rate using estimated overhead of $320,000 and 8000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $9,000. What was adjusted cost of goods sold?