Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $53,200 and at the end of the month was $46,700. The cost of goods manufactured for the month was $257,000. The actual manufacturing overhead cost incurred was $82,700 and the manufacturing overhead cost applied to Work in Process was $75,000. The adjusted cost of goods sold that would appear on the income statement for July is:
$250,500
$255,800
$271,200
$263,500