9. . Andy Basil Industries Inc. reported the following information about the production and sale of its only product during the first month of operations:

Selling price per unit $225.00

Sales $360,000

Direct materials used $176,000

Direct labor $100,000

Variable factory overhead $44,000

Fixed factory overhead $80,000

Variable selling and administrative expenses $20,000

Fixed selling and administrative expenses $10,000

Production volume variance 0

Ending inventory, Direct Materials 0

Ending inventory, Work-in-process 0

Ending inventory, Finished Goods 400 units

Under absorption costing, what is the Cost of Goods Sold?

A) $256,000

B) $272,000

C) $320,000

D) $360,000