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