Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year $ 30,000 $ 568,000 Beginning inventories Finished goods Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year Results of operations: direct labor 32,000 hours $ 501.000 Raw materials (all direct) requisitioned for use in production Direct labor cost $ 683,000 direct labor 33,000 hours $ $ 176,000 420,000 Actual direct labor-hours Manufacturing overhead Indirect labor cost Other manufacturing overhead costs incurred Selling and administrative Selling and administrative salaries Other selling and administrative expenses Cost of goods manufactured Sales revenue Cost of goods sold (unadjusted) $ 219,000 S 346,000 S 1.567,000 $ 2,498,000 $1.576,000 The net operating income is (Round your intermediate calculations to 2 decimal places.) Select one O A $1,111,750 OBS705,750 hours $ 176,000 $ 420,000 Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Selling and administrative: Selling and administrative salaries Other selling and administrative expenses Cost of goods manufactured Sales revenue Cost of goods sold (unadjusted) $ 219,000 $ 346,000 $ 1,567,000 $ 2,498,000 $ 1,376,000 The net operating income is: (Round your intermediate calculations to 2 decimal places.) Select one O A. $1,111,750 O B. $765,750 O C. $892,750 O D. $546,750