At the beginning of the year, manufacturing overhead for the year was estimated to be $250,700. At the end of the year, actual direct labor-hours for the year were 21,900 hours, the actual manufacturing overhead for the year was $239,400, and manufacturing overhead for the year was overapplied by $12,450. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: 20,817 direct labor-hours 21,800 direct labor-hours O 21,900 direct labor-hours 19,735 direct labor-hours 2020 McGraw-Hill Education. All rights reserved. Nagle Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. In October the company completed job 043G that consisted of 15,600 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job 043G shows that the total cost for the job was $881,400. During the month, the actual manufacturing overhead cost incurred was $215,940 and the manufacturing overhead cost applied to job 043G was $233,600. Also during the month, 9,600 completed units from job 043G were sold. No other products were sold. The cost of goods sold that would appear on the income statement for October is closest to: $560,060 $524,740 $881,400 $863,740 2020 McGraw-Hill Education. All rights reserved