During the current year, Jules Company incurred the following product costs:

Direct materials used in production $252,000

Direct labor $120,750

Manufacturing overhead $176,500

Jules Company's beginning Work in Process Inventory was $11,000 and its ending Work in Process Inventory amounted to $25,500. What is the company's cost of finished goods manufactured for the year?

$297,250.

$560,250.

$563,750.

$534,750.