Reference no: EM132593786

Eshaw Inc. has provided the following data for the month of January. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

                                                                         Work In Process              Finished Goods            Cost of Goods Sold              Total

Direct materials                                           $3,440                            $8,450                     $61,880                        $73,770

Direct labor                                                   6,160                              16,250                       119,000                      141,410

Manufacturing overhead applied                        3,300                                 6,050                       45,650                        55,000

Total                                                           $12,900                              $30,750                   $226,530                      $270,180

Manufacturing overhead for the month was underapplied by $7,000.

The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.

Question 1: The cost of goods sold for January after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to