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

Inventories:

	Beginning		Ending
Work in process	$	32,000	$	27,000
Finished goods	$	61,000	$	65,000

Additional information:

Direct materials	$	72,000
Direct labor cost	$	102,000
Manufacturing overhead cost incurred	$	78,000
Manufacturing overhead cost applied to Work in Process	$	76,000

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

The cost of goods manufactured for May is:

• $250,000

• $255,000

• $252,000

• $257,000