Chavez Corporation reported the following data for the month of July:

Inventories:

	Beginning		Ending
Raw materials	$	44,000	$	38,500
Work in process	$	24,500	$	34,000
Finished goods	$	40,500	$	55,500

Additional information:

Raw materials purchases	$	74,500
Direct labor cost	$	99,500
Manufacturing overhead cost incurred	$	67,500
Indirect materials included in manufacturing overhead cost incurred	$	11,400
Manufacturing overhead cost applied to Work in Process	$	66,500

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The cost of goods manufactured for July is:

Multiple Choice

• $225,100

• $245,600

• $234,600

• $246,600