Watson Specialties bought $100,000 of raw materials during June, incurred $90,000 in direct labor cost, and applied $130,000 in manufacturing overhead. Inventories for June were as follows:
Beginning Ending
Raw material $22,000 $24,000
Work in Process $23,000 $19,000
Finished Goods $32,000 $31,000
How much is cost of goods sold for June?
a. $323,000
b. $322,000
c. $324,000
d. $325,000