Jenkins Company had the following information for the year:

Direct materials used	$	299,900
Direct labor incurred (9000 hours)	$	246,500
Actual manufacturing overhead incurred	$	435,000

Jenkins Company used a predetermined overhead rate using estimated overhead of $411,600 and 8400 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,100. What was adjusted cost of goods sold?

$987,400

$962,300

$981,400

$968,300