During its first year of operations, Brown Company incurred the following product costs:

Direct materials used in production $150,000

Direct labor $75,000

Manufacturing overhead $88,500

The Brown Company's ending Work in Process Inventory amounted to $20,000 at the end of the year. What is the company's cost of finished goods manufactured for the year?

Multiple Choice

• $150,000.
• $293,500.
• $313,500.
• $225,000.