Koczela Inc. has provided the following data for the month of May:

Inventories:

	Beginning		Ending
Work in process	$	34,000	$	29,000
Finished goods	$	63,000	$	67,000

Additional information:

Direct materials	$	74,000
Direct labor cost	$	104,000
Manufacturing overhead cost incurred	$	80,000
Manufacturing overhead cost applied to Work in Process	$	78,000

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The cost of goods manufactured for May is:

• $261,000

• $258,000

• $263,000

• $256,000