Company D has under-applied overhead of $44,000 for the year ended December 31, 2012. Before disposition of the under-applied overhead, selected December 31, 2012 balances from the company's accounting records are as follows: Sales $1,200,000

Cost of goods sold 734,400

Inventories: Direct materials 36,000

Work in process 54,000

Finished goods 75,600

Under the company's cost accounting system, over-or under-applied overhead is allocated to appropriate inventories and cost of goods sold based on year-end balances. Requirement: Compute the company's cost of goods sold in its 2012 income statement, after adjustments for under or over-applied overhead