Cost of Goods Sold (before any under/over applied overhead adjustment) is closest to: A. 1,232,000 B. 1,258,000 C. 1,268,000 D. 1,328,000 E. 1,332,000

Direct Labour Costs Direct Labour Hours Overhead Costs Budget $360,000 25,000 $600,000 Actual $420,000 26,500 $693,000 Work in Progress Finished Goods Materials Beginning $ 14,000 $ 31,000 $ 10,000 Ending $ 20,000 $ 35,000 $ 0 Overhead is allocated on Direct Labour costs. Materials Purchased during the year were $208,000. All materials are Direct Materials