The following account balances at the beginning of January were selected from the general ledger of Ocean City Manufacturing Company: Work in process inventory Raw materials inventory Finished goods inventory Additional data: $28,800 $40,400 1. Actual manufacturing overhead for January amounted to $62,300. 2. Total direct labor cost for January was $63,600. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5,800 (1.300 t labor hours) and total direct material charges were $14,100. 5. Cost of direct materials placed in production during January totaled $123,900. There were no indirect material requisitions during January 6. January 31 balance in raw materials inventory was $36,000. 7: Finished goods inventory balance on January 31 was $35,400. What is the cost of goods sold for January? OA. $253,520 OB. $237,800 OC. $213,757 OD. $317,200 www