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

Direct materials used in production $251,000

Direct labor $120,000

Manufacturing overhead $175,000

Jules Company's beginning Work in Process Inventory was $10,000 and its ending Work in Process Inventory amounted to $25,000. What is the company's cost of finished goods manufactured for the year?

Multiple Choice

• $531,000.

• $295,000.

• $561,000.

• $556,000.