The IS company uses traditional job-order costing with direct labor cost as the allocation base. The company reports the following information for last year:

Direct labor cost	$ 81,000
Raw material purchases	$ 132,000
Manufacturing overhead applied to work in process	$ 223,000
Actual manufacturing overhead costs	$ 201,000

Inventories	Beginning	Ending
Raw materials	$ 8,700	$ 10,500
Work in process	$ 5,100	$ 20,200
Finished goods	$ 73,000	$ 25,600

The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS company's adjusted Cost of Goods Sold for last year?

multiple choice

$ 452,700

$ 465,500

$ 444,500

$ 427,000