Valley Inc. has the following data for January. The balance inthe Finished Goods inventory account at the beginning of the monthwas $43,000 and at the end of the month was $47,000. The cost ofgoods manufactured for the month was $188,000. The actualmanufacturing overhead cost incurred was $71,000 and themanufacturing overhead cost applied was $67,000. The adjusted costof goods sold that would appear on the income statement for Januaryis:

$184,000

$196,000

$180,000

$188,000