Given the following information, determine the cost of goods manufactured.

Direct Labor Incurred $ 60000

Manufacturing Overhead Incurred $174000

Direct Materials Used $152000

Finished Goods Inventory, Jan. 1 $198000

Finished Goods Inventory, Dec. 31 $96500

Work-in-Process Inventory, Jan. 1 $220500

Work-in-Process Inventory, Dec. 31 $108000

A. $ 386000

B. $ 278000

C. $ 498500

D. $ 186500