Cerrone Inc.17 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 $57,900 and at the end of the month was $50,000. The cost of goods manufactured for the month was $259,000. The actual manufacturing overhead cost incurred was $176,900 and the manufacturing overhead cost applied to Work in Process was $164,000. The adjusted cost of goods sold that would appear on the income statement for July is:

$279,800

$254,000

$266,900

$251,100