Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.

January 1 January 31

Finished goods $ 126,000 $ 117,000

Work in process 235,000 251,000

Raw material 132,000 124,000

The following additional data pertain to January operations.

Raw material purchased $ 192,000

Direct labor 400,000

Actual manufacturing overhead 170,000

Actual selling and administrative expenses 110,000

The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.

3. Compute the cost of goods manufactured for January.