Rick Corporation incurred the following costs during the year: direct materials used in production, $120,000; depreciation on factory, $60,000; property taxes on store, $7,500; labor costs of assembly-line workers, $110,000; factory supplies used, $25,000; advertising expense, $$45,000; property taxes on factory, $19,000; delivery expense, $21,000; sales commissions. $35,000; and salaries paid to salesclerks, $50,000. Work in process inventory was $10,000 on January 1 and $14,000 on December 31. Finished goods inventory was $60,500 on January 1 and $50,600 on December 31. (Assume that all raw materials used were direct materials. The cost of goods manufactured is