Jenkins Company had the following information for the year:

Direct materials used $ $296,500$

Direct labor incurred $(9,700$ hours$)253,200$

Actual manufacturing overhead incurred $420,000$

Beginning Work in Process Inventory $0$

Ending Work in Process Inventory $0$

Beginning Finished Goods Inventory $0$

Ending Finished Goods Inventory $19,700$

Jenkins Company used a predetermined overhead rate based on estimated overhead of $$352,000$ and $8,000$ estimated direct labor hours. What was adjusted cost of goods sold?

Multiple Choice

$$976,500$

$$956,800$

$$950,000$

$$969,700$