The following account balances at the beginning of January were selected from the general ledger of Frozen Juice Manufacturing Company:

Work in process inventory

$0

Raw materials inventory

$28,600

Finished goods inventory

$41,000

Additional data:

1. Actual manufacturing overhead for January amounted to $67,200.

2. Total direct labor cost for January was $63,100.

3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $251,000 of direct labor cost and $301,200 of manufacturing overhead costs.

4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $6,000 (1,700 direct labor hours) and total direct material charges were $14,600.

5. Cost of direct materials placed in production during January totaled $123,600. There were no indirect material requisitions during January.

6. January 31 balance in raw materials inventory was $35,000.

7. Finished goods inventory balance on January 31 was $34,600.

What is the cost of goods sold for January?

A.

$316,300

B.

$206,800

C.

$241,020

D.

$232,400