T-ACCOUNTS below are from last years books at Shapiro Manufacturing Company:

Raw Materials
Bal	0	(b)	155,000
(a)	166,500
	11,500

Work In Process
Bal	0	(f)	514,000
(b)	132,500
(c)	169,000
(e)	212,500
	0

Finished Goods
Bal	0	(g)	465,000
(f)	514,000
	49,000

Manufacturing Overhead
(b)	22,500	(e)	212,500
(c)	26,500
(d)	157,000
			6,500

Cost of Goods Sold
(g)	465,000

Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of cost of goods manufactured for the year?

Multiple Choice

• $253,750

• $458,500

• $514,000

• $465,000