Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,080 hours and the total estimated manufacturing overhead was $565,248. At the end of the year, actual direct labor-hours for the year were 22,050 hours and the actual manufacturing overhead for the year was $565,248. Overhead at the end of the year was:

• $768 overapplied

• $818 overapplied

• $818 underapplied

• $768 underapplied

Koczela Inc. has provided the following data for the month of May:

Inventories:

	Beginning		Ending
Work in process	$	34,000	$	29,000
Finished goods	$	63,000	$	67,000

Additional information:

Direct materials	$	74,000
Direct labor cost	$	104,000
Manufacturing overhead cost incurred	$	80,000
Manufacturing overhead cost applied to Work in Process	$	78,000

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The cost of goods manufactured for May is:

• $261,000

• $258,000

• $263,000

• $256,000