Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $74,000 and at the end of the month was $67,500. The cost of goods manufactured for the month was $339,000. The actual manufacturing overhead cost incurred was $111,000 and the manufacturing overhead cost applied to jobs was $105,000. The adjusted cost of goods sold that would appear on the income statement for July is:

a. $339,000

b. $345,000

c. $333,000

d. $351,500