Under Pierre Company's job-order costing system, manufacturing overhead is applied to Work in Process inventory using a predetermined overhead rate. During January, Pierre's transactions included the following:

Direct materials issued to production $ 98,000

Indirect materials issued to production $ 7,000

Manufacturing overhead cost incurred $ 133,000

Manufacturing overhead cost applied $ 121,000

Direct labor cost incurred $ 115,000

Pierre Company had no beginning or ending inventories. What was the cost of goods manufactured for January? (CMA adapted)

$353,000.

$346,000.

$334,000.

$327,000.