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 $55,000 and at the end of the month was $42,800. The cost of goods manufactured for the month was $264,000. The actual manufacturing overhead cost incurred was $134,600 and the manufacturing overhead cost applied to Work in Process was $129,000. The adjusted cost of goods sold that would appear on the income statement for July is:

a.$276,200 b.$251,800 c.$270,600 d.$281,800