Calculate the cost of goods manufactured using the following information:

Calculate the cost of goods manufactured using the following information:
Direct materials $ 299,000
Direct labor 132,500
Factory overhead costs 264,500
General and administrative expenses 86,000
Selling expenses 49,300
Work in Process inventory, January 1 119,000
Work in Process inventory, December 31 126,400
Finished goods inventory, January 1 232,600
Finished goods inventory, December 31 239,200