The TLX$-24435$ company operates a job$-$order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cost formula that estimated $ $150,000$ of manufacturing overhead and an estimated allocation base of $ $100,000$ in direct labor cost. The company has provided the following data:BeginningEndingKow Materiais Inventory dil directWork in Process InventoryFinished Goods Inventory$ $25,000$$ $13,000$$ $41,000$$ $39,000$$ $71,000$$ $60,000$The following actual costs were incurred during the year:Purchase of raw materials $($all direct$)$Direct labor costManufacturing overhead costI$ $140,000$$ $130,000$$ $120,000$Suppose the company closes out any under$-$ or over$-$applied overhead cost to Cost of Goods Sold. How much was the company's adjusted Cost of Goods Sold?Multiple Choice$ $477,000$$ $415,000$$ $565,000$$ $490,000$$ $479,000$