Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 120% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. December 31 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs The total manufacturing costs for the year are: Multiple Choice $854,000. $352,000. January 1 $ 81,000 $ 44,000 70,000 46,000 119,000 104,000 $ 328,000 958,000 264,000