Quesnon su Norman's Furniture Company only manufactures custom furniture and uses job order conting system to accumulate costs. Actual Direct Materials 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 $308,000 and direct labor hours would total 26,000 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: $295,000 Raw materials used as direct materials in production: $241,000 Wages paid to the furniture craftsmen: $425,000 (for 26,000 hours of labor performed) Wages paid to the factory maintenance works: $56,000 Depreciation on machinery and equipment: $81.000 Rent and utilities for the factory building: $117.000 Raw materials used as indirect materials: $15,000 Manufacturing Overhead was applied to Work-in-process Inventory using the predetermined overhead rate Work-in-process Inventory costing $846,000 was completed and transferred to Finished Goods Inventory Goods costing $747,000 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? O $723,000 O $771,000 O $708,000 $786,000