SEC Champs, Inc. has provided the following data regarding its manufacturing overhead for the month of August: Manufacturing overhead applied $42,000 Actual manufacturing overhead incurred $67,000 The company's unadjusted Cost of Goods Sold was $320,000. Based on the above information, what is the amount of adjusted Cost of Goods Sold that would appear on the company's income statement? A. $345,000 B. $320,000 C. $295,000 D. $387,000