Use the information provided for Jensen Company to answer the question that follow. Jensen Company Direct materials used $345,000 Direct labor incurred 250,000 400,000 Factory overhead incurred Operating expenses 175,000 Jensen Company's product costs are Oa. $770,000 Ob. $920,000 Oc. $825,000 Od. $995,000 The cost of goods sold for Michaels Manufacturing in the current year was 233,000. The January 1 finished goods inventory balance was $31,600, and the December 31 finished goods inventory balance was $24,200. Cost of goods manufactured during the period was Oa. $288,800 Ob. $225,600 Oc. $233,000 Od. $240,400 Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the year. Cost of goods manufactured amounts to $275,000. What are the total manufacturing costs incurred in the current year? Oa. $302.000 Ob. $233,750 Oc. $275,750 Od. $291,500