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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $207,600 of raw materials on credit; issued materials to production of $203,000

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $207,600 of raw materials on credit; issued materials to production of $203,000 of which $32,400 were indirect. Minstrel incurred a factory payroll of $154,800, of which $42,400 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,300 and $28,600 respectively. Compute the cost of product transferred to Finished Goods Inventory:

$429,800.

$431,800.

$458,400.

$581,700.

$439,300.

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