Sanchez Company Has No Beginning and Ending Inventories,and Reports the Following

Sanchez Company has no beginning and ending inventories,and reports the following data about its only product:
$\begin{array}{ll}\text { Direct materials used } & \$ 100,000 \\\text { Direct labor } & \$ 80,000 \\\text { Fixed indirect manufacturing } & \$ 100,000 \\\text { Fixed selling and administrative } & \$ 170,000 \\\text { Variable indirect manufacturing } & \$ 20,000 \\\text { Variable selling and administrative } & \$ 90,000 \\\text { Selling price(per unit) } & \$ 100\end{array}$
$\begin{array} { l } \text {Units produced and sold }&12,000 \\\end{array}$

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