At the end of the year llberg Company provided the following actual information: Overhead R423600 Direct labour cost R532 000 Ilberg uses normal costing and applies overhead at the rate of 80% of direct labour cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was R1 890000. Calculate the value of the adjusted Cost of Goods Sold account. a. R1 888000 b. R1 696400 c. R1 892000 d. R2 083600