Norm's Furniture Company only manufactures custom furniture and uses a job order costing system to accumulate costs. Actual DirectMaterials and Direct Labor costs are accumulated for each job, but a predetermined overhead rate is used to apply Manufacturing Overhead costs to individual jobs. Manufacturing Overhead is applied on the basis of direct labor hours.

In computing a predetermined overhead rate, the company controller estimated that Manufacturing Overhead costs for the year would be $188,000 and direct labor hours would total 21,000 hours. The following summary information is available for the year.

Note: This summary information represents cost data related to hundreds of different job orders started or completed during the year.

Raw materials purchased: $283,000

Raw materials used as direct materials in production: $243,000.

Wages paid to the furniture craftsmen: $430.000 (for 26,000 hours of labor performed)

Wages paid to the factory maintenance workers: $5,000

Depreciation on machinery and equipment: $101,000

Rent and utilities for the factory building: $28,000

Raw materials used as indirect materials: $14,000

Manufacturing Overhead was applied to Work-in-process inventory using the predetermined overhead rate.

Work-in-process inventory costing $783,000 was completed and transferred to Finished Goods inventory.

Goods costing $727,000 were sold.

After the appropriate closing entry of any over-or under-applied Manufacturing Overhead amount, what is the final amount of Cost of Goods Sold?

a. $716.238

b. $737762

c. $751,762

d. $702238