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