The IS-72316 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 Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials Work in process Finished goods Beginning Ending $8,600 $ 10,600 $ 5,600 $ 20,400 $ 71,000 $ 25,500 $ 85,000 $ 138,000 $ 227,000 $ 208,000 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-72316 company's adjusted Cost of Goods Sold for last year? $459,700 $442,200 $ 467,900 $480,700