A manufacturing firm's costs were as follows: Depreciation of factory premises - $7,300 Raw materials - $44,000 Factory overhead - $112,500 Selling and distribution - $16,800 o Direct labour - $92,600 o Closing work in progress - $12,200 Admin expenses - $13,400 Opening work in progress was $7,200, and mark-up is 20%. What is the transfer value of goods produced? Oa. $249,400 Ob. $251,400 Oc. $299,280 Od. $301,680