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 $56,000 and at the end of the month was $42,400. The cost of goods manufactured for the month was $234,000. The actual manufacturing overhead cost incurred was $168,100 and the manufacturing overhead cost applied to Work in Process was $158,000. The adjusted cost of goods sold that would appear on the income statement for July is

	$247,600
	$220,400
	$237,500
	$257,700