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During its first year of operations, Brown Company incurred the following product costs: Direct materials used in production $200,000; Direct labor $175,000; and Manufacturing overhead

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

Direct materials used in production $200,000;

Direct labor $175,000; and

Manufacturing overhead $145,500.

The Brown Company's ending Work in Process Inventory amounted to $35,000 at the end of the year. What is the company's cost of finished goods manufactured for the year?

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