Hubley Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. The company has provided the following data for August: Direct materials $ 66,500 Direct labor cost S 93,000 Manufacturing overhead cost incurred $ 60,800 Manufacturing overhead cost applied $ 65,100 Inventories: Beginning Ending Work in process $16,000 $18,200 Finished goods $56,200 $36,000 The cost of goods sold that appears on the income statement for August and that has been adjusted for any underapplied or overapplied overhead is closest to: $238,300 $246,900 $222,400 $242,600