McGown Corp. has the following information:

	Beginning Inventory (1/1)			Ending Inventory (12/31)
Raw Materials Inventory	$	20,000		$	30,000
Work in Process Inventory	$	15,000		$	18,000
Finished Goods Inventory	$	30,000		$	20,000

Additional information for the year is as follows:

Raw materials purchases	$	100,000
Direct labor	$	75,000
Manufacturing overhead applied	$	80,000
Indirect materials	$	0

Compute the cost of goods manufactured.

$242,000

$235,000

$248,000

$265,000