DEF Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Direct Materials Direct Labour Job 1 $150,000 $300,000 Job 2 $350,000 $250,000 Job 3 $200,000 $400,000 Overhead is applied to jobs at a rate of $0.10 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year. DEF's Cost of Goods Sold for the year was: Multiple Choice $250.000 $450,000 $425,000 $400,000