Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year $481,250 35,000 direct labor-hours Results of operations: Actual direct labor-hours 40,000 direct labor-hours Manufacturing overhead: Indirect labor cost $179,000 Other manufacturing overhead costs incurred $465,000 Manufacturing overhead is overapplied or underapplied by: Multiple Choice $94,000 Overapplied $165.000 Overapplied $165,000 Underapplied $94,000 Underapplied The following partially completed T-accounts are for Stanford Corporation: Raw Materials Work In Process Bal 7,000 (2) 24,000 Bal 11,000 (7) (1) 19,000 (2) 15,000 (4) (6) 18,000 31,000 Finished Goods Manufacturing Overhead Bal 18,000 9,000 (6) (2) (3) 31,000 (7) 62,000 16,000 15,000 (4) 8,000 (5) 5,000 Accumulated Depreciation--Factory Sales Salaries Expense Bal 82,000 (4) 11,000 (3) 16,000 Accounts Payable Salaries and Wages Payable Bal Bal 7,000 (1) 19,000 (4) 37,000 (5) 5,000 The cost of direct materials used is: Multiple Choice $24.000 $14,000 $15,000 The following accounts are from last year's books at Sharp Manufacturing: Raw Materials Work In Process 0 (b) 0(f) Bal 154,000 Bal 510,000 (a) 164,000 (b) 132,000 10,000 (c) 168,000 (e) 210,000 Finished Goods Manufacturing Overhead ol(g) 22,000 (e) Bal 460,000 (b) 210,000 (f) 510,000 (c) 26,000 50,000 (d) 156,000 6,000 Cost of Goods Sold (g) 460,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of cost of goods manufactured for the year? Multiple Choice $460.000 $510,000 $252,000 $454,000