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 of august:

direct matierials: $77,000

direct labor cost: $115,250

manuacturing overhead cost incurred: $75,275

manufacturing overhead cost applied: $80,675

Inventories: begining ending

Work in process $20,000 $22,725

Finished goods $63,150 $42,000

The cost of goods sold that appear on the income statement for august and that has been adjusted for any underapplied or overapplied overhead is closest to:

a. $285,950

b. $296,750

c, $270, 200

d. $291,350

6 Hubley inc utas a row corong system n wicr any underappted er o erapoted o er nead is cosee otto cost or oooas sua are enerthe mom The eonpany na ponied the oong on to August s 70000 Direct abor coe Manurectutng overheed cost incu 75275 4390$42000 O s270200 5291.350