Under Stanford Corporation's job costing system, manufacturing overhead is applied to work in process using a predetermined annual overhead rate. During November, Year 1, Stanford's transactions included the following:

Direct materials issued to production............................................$180,000

Indirect materials issued to production.............................................16,000

Manufacturing overhead incurred...................................................250,000

Manufacturing overhead applied.....................................................226,000

Direct manufacturing labor costs.....................................................214,000

Stanford had neither beginning nor ending work-in-process inventory. What was the cost of jobs completed and transferred to finished goods in November 20X1?

1. $604,000

2. $644,000

3. $620,000

4. $660,000