Rivet Fals Manufacturing uses a normal cost system and had the following data available for 2018 Direct materials purchased on account $159.000 Direct materials used 85.000 Direct labor cost incurred 133.000 Manufacturing overhead incurred 140.000 Cost of goods completed 285,000 Cost of goods sold 249.000 Beginning direct materials inventory 34.000 Beginning WIP inventory 70.000 Beginning finished goods inventory 55.000 Overhead application rate, as a percent of direct-abor costs 140 percent Assume that any over or under allocated overhead is immaterial, what will be the cost of goods balance for the year 2018