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. January 1 $ 77,000 66,000 115,000 December 31 $ 40,000 42,000 100,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs $324,000 950,000 260,000 The cost of goods sold (before adjustment for under or overapplied overhead) Multiple Choice $811,000. $850,000. o o o oo $835,000. $348,000. $867,000