James Corporation incurred the following costs while manufacturing its product.

Materials used in product$135,000Advertising expense$45,000

Depreciation on plant60,000Property taxes on plant19,000

Property taxes on store7,500Delivery expense21,000

Labor costs of assembly-line workers110,000Sales commissions35,000

Factory supplies used25,000Salaries paid to sales clerks50,000

Work-in-process inventory was $17,500 at January 1 and $14,000 at December 31. Finished

goods inventory was $60,500 at January 1 and $42,000 at December 31.

Instructions

Compute cost of goods manufactured.