Sanchez Company has no beginning and ending inventories, and reports the following data about its only product:

Direct materials used $100,000
Direct labor $80,000
Fixed indirect manufacturing $100,000
Fixed selling and administrative $170,000
Variable indirect manufacturing $20,000
Variable selling and administrative $90,000
Selling price(per unit) $100
Units produced and sold 12,000

Sanchez Company uses the absorption approach to prepare the income statement. What is the manufacturing cost of goods sold?

A) $270,000
B) $300,000
C) $390,000
D) $500,000