Held Inc. has provided the following data for the month of June. 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	$	5,890		$	14,070		$	95,760		$	115,720
Direct labor		9,680			20,100			136,800			166,580
Manufacturing overhead applied		5,880			10,080			68,040			84,000
Total	$	21,450		$	44,250		$	300,600		$	366,300

Manufacturing overhead for the month was overapplied by $1,000.

The company 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 overhead applied during the month in those accounts.

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

Multiple Choice

$301,410

$299,790

$299,600

$301,600