Given the following information, determine the cost of goods manufactured. Direct Labor Incurred $60,000 Manufacturing Overhead Incurred 177,000 Direct Materials Used 150,000 Finished Goods Inventory, Jan. 1 199.000 Finished Goods Inventory, Dec. 31 98.500 Work-in-Process Inventory, Jan. 1 221,000 Work-in-Process Inventory, Dec. 31 108,000 $189,500 O $500,000 $387,000 $279,000