Exercise 10-8 (Part Level Submission) Flounder Corporation incurred the following costs while manufacturing its product.

Materials used in product $126,000 Advertising expense $48,300

Depreciation on plant 65,900 Property taxes on plant 23,500

Property taxes on store 8,030 Delivery expense 30,200

Labor costs of assembly-line workers 115,200 Sales commissions 37,200

Factory supplies used 32,200 Salaries paid to sales clerks 55,400

Work in process inventory was $14,400 at January 1 and $17,400 at December 31. Finished goods inventory was $64,000 at January 1 and $45,900 at December 31.

Compute cost of goods manufactured.