Jenkins Company had the following information for the year: Direct materials used Direct labor incurred (9100 hours) Actual manufacturing overhead incurred $ 30000 $252,600 $420,000 Jenkins Company used a predetermined overhead rate using estimated overhead of $360,000 and 1.000 estimated direct labor hours Assume the only inventory balance is an ending Finished Goods Inventory balance of $19.700 What was adjusted cost of goods sold $981,500 $961,800 $973,700 $954,000