Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. December 31 January 1 $ 87,000 $ 50,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs The cost of goods manufactured during the year is: Multiple Choice $860,000. $358,000. 76,000 125,000 52,000 110,000 $ 334,000 970,000 270,000