Carmen Companys factory overhead account showed a $3,600 overapplied balance on December 31. Other accounts showed the following balances at year end:

Raw materials	$ 50,000
Work in Process	20,000
Finished Goods	30,000
Cost of Goods Sold	450,000

The company deems the overapplied overhead to be material in amount. How much is cost of goods sold after adjustment for the overapplied overhead?

$453,240

$446,760

$453,600

$447,055