Sharpland Industries is calculating its Cost of Goods Manufactured at year-end. Sharpland's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $14,000 and an ending balance of $17,000. During the year, Sharpland purchased $58,000 of direct materials. Direct labor for the year totaled $132,000, while manufacturing overhead amounted to $164,000. The Work in Process Inventory account had a beginning balance of $22,000 and an ending balance of $18,000. Compute the Cost of Goods Manufactured for the year.