The IS-14000 company uses traditional job-order costing with direct labor cost as the allocation base. The...

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The IS-14000 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 Raw material purchases $ 90,000 $ 133,000 Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 229,000 $ 207,000 Inventories Beginning Ending Raw materials $ 8,800 $ 10,900 Work in process $ 5,900 $ 20,100 Finished goods $ 73,000 $ 25,200 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-14000 company's adjusted Cost of Goods Sold for last year? $469,700 $444,000 $ 461,500 $ 482,500 The IS-14000 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 Raw material purchases $ 90,000 $ 133,000 Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 229,000 $ 207,000 Inventories Beginning Ending Raw materials $ 8,800 $ 10,900 Work in process $ 5,900 $ 20,100 Finished goods $ 73,000 $ 25,200 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-14000 company's adjusted Cost of Goods Sold for last year? $469,700 $444,000 $ 461,500 $ 482,500