Montreal Industries Inc. had the following activities during the year: Direct materials: Beginning inventory $50,000 Purchases 154,000 26,000 40,000 30,000 Ending inventory Direct manufacturing labour Manufacturing overhead Ending work-in-process inventory Beginning work-in-process inventory Ending finished goods inventory Beginning finished goods inventory 10,000 2,000 40,000 60,000 REQUIRED: What is Montreal's cost of goods manufactured during the year? O a. $238,000 O b. $240,000 O c. $260,000 O d. $248,000