OptiWave Innovation Enterprises has provided the following data $($see the tables below$)$ concerning last month's manufacturing operations. Compute adjusted cost of goods sold $($COGS$)$ for the month.

$\backslash$table$[[$Direct materials used in production,$$100,000,],[$Direct labor,$$80,000,],[$Manufacturing overhead applied,$$87,000,],[$Underapplied overhead,$$4,000,],[$Inventories$,$Beginning,Ending$],[$Raw materials,$$12,000,$$$18,000$