61 During the current year, Jules Company incurred the following product costs: Direct materials used in production $253,000 Direct labor $121,500 Manufacturing overhead $178,000 Jules Company's beginning Work in Process Inventory was $12,000 and its ending Work in Process Inventory amounted to $26,000. What is the company's cost of finished goods manufactured for the year?

$564,500.

$299,500.

$538,500.

$566,500.